Question: When borrowers increase their maximum allowable loan by accepting a shorter term and a lower interest rate, the borrowers have which of the following? Group of answer choices An increased degree of risk regarding changes in the interest rate over time The security of never having to incur another set of transaction costs (e.g., legal, appraisal) when arranging a new loan with another lender A decreased degree of risk regarding changes in the interest rate over time Committed to paying more interest during the shorter term loan than the longer term loan.