Match the following terms with their definitions.
-Variable rate
A) Breakdown of principal and interest
B) One-time up-front payment
C) Mortgage payments rise in later years
D) Loan
E) Not fixed
F) Can prevent foreclosures
G) 26 payments per year
Correct Answer:
Verified
Q39: Graduated payments result in the borrower paying:
A)More
Q40: A variable rate mortgage means:
A)The interest rate
Q41: Match the following terms with their definitions.
-Graduated
Q42: With a mortgage of $48,000 for 15
Q43: With a mortgage of $88,000 at 11%
Q45: A $104,000 selling price with $24,000 down
Q46: Marsha Terban bought a home for $119,000
Q47: Tom Burke buys a home in Virginia
Q48: With a selling price of $125,000, a
Q49: Jen purchased a condo in Naples, Florida,
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