What is one difference between fixed-rate mortgages and variable-rate mortgages?
A. The borrower can adjust monthly payment depending on his budget.
B. The interest rate may change depending on the condition of the economy.
C. The lender can adjust the monthly payment dates whenever he wants to.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is one difference between fixed-rate mortgages and variable-rate mortgages? A. The borrower can adjust monthly payment depending on ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Steven Wong wishes to save for his retirement by depositing $1,200 at the beginning of each year for thirty years.
Answers (1)
Which of the following is NOT the amount that is originally borrowed or the amount that is repaid when the bond mature is due? A. Indenture. B. Par value. C. Principal amount. D. Maturity value. E. B, C, and D are correct.
Answers (1)
An opportunity cost may be described as:
Answers (1)
What are the elements of the tort of negligence?
Answers (1)
I apologize for my delay in answering your inquiry. The problem was that I had to check with our suppliers to see whether we could provide the item in the quantity you say you want. We can.
Answers (1)
New Questions in Business
Which statement is descriptive of the long run rather than the short run? The firm must pay an electric bill that varies each month as well as a mortgage payment of $10,000 per month.
Answers (1)
When builders were constructing a sidewalk they forgot to include an expansion joint between two of the?
Answers (1)
Included in Waterway Company's December 31, 2017, trial balance are the following accounts: Accounts Payable $221,600, Pension Liability $384,400, Discount on Bonds Payable $32,700, Unearned Rent Revenue $41,100, Bonds Payable $400,600, Salaries and
Answers (1)
The law of increasing opportunity costs is a result of the fact that: a. A) the value of the dollar has declined over time. b. B) wage rates rise as the economy reaches full employment. c.
Answers (1)
A company has beginning inventory of 11 units at a cost of $29 each on February 1. On February 3, it purchases 39 units at $31 each. 17 units are sold on February 5.
Answers (1)