Which of the following is a typical consequence of breaching a mortgage agreement?

When a borrower breaches a mortgage agreement, a common consequence is that they may be required to pay additional fees and costs. This can arise from various circumstances such as a late payment, where the lender may impose late fees or penalties. Additionally, if the breach leads to foreclosure proceedings, the borrower might be responsible for legal fees and other costs associated with that process. In essence, breaching a mortgage agreement introduces financial implications for the borrower, often manifesting in the form of increased fees.

In contrast, lenders typically do not lower interest rates for borrowers who have breached their agreements, as that would counteract the penalty intended for the breach. Appraisals are generally not triggered automatically in the event of a breach unless part of a specific context (such as a lender's decision). Lastly, extending the loan term is not a typical consequence of a breach; rather, it could be an option during a loan modification process, but not a direct outcome of breaching the agreement itself.