Why would a home buyer choose an adjustable-rate mortgage?
A.
The borrower can ad...
Business, 28.02.2020 08:33 kingofmortals6981
Why would a home buyer choose an adjustable-rate mortgage?
A.
The borrower can adjust the monthly payment depending on his or her income.
B.
The initial interest rate on an adjustable-rate mortgage is typically lower than the rate on a fixed-rate mortgage.
C.
The monthly payment doesn’t change for the entire duration of the loan.
D.
The borrower can make a down payment and pay the remaining loan amount at the end of the loan period.
Answers: 1
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