Final answer:
Of the listed options, 'faster loan payoff' is not a guaranteed primary benefit of a traditional mortgage. While equity builds over time and interest rates are predictable, lower monthly payments and faster payoff depend on loan terms and additional payments.
Step-by-step explanation:
The primary benefits of a traditional mortgage loan include predictable interest rates, equity buildup over time, and the potential for tax deductions and credit score improvement through consistent mortgage payments. However, lower monthly payments and faster loan payoff are not guaranteed benefits of a traditional mortgage loan. A traditional fixed-rate mortgage offers stability through fixed interest rates, but whether the monthly payments are lower depends on the terms of the loan and current market conditions. Faster payoff is typically associated with higher monthly payments or additional payments towards the principal amount. When it comes to adjustable-rate mortgages, the monthly payments may vary depending on the market interest rates.