_____ are loans offering low payments for the first few years, gradually increasing until year three or five, and then remaining fixed.
A)Reverse-annuity mortgages
B)Fixed-rate mortgages
C)Adjustable-rate mortgages
D)Graduated-payment mortgages
E)Rollover mortgages

Question

Quizplus · Accepted Answer

Graduated-payment mortgages start with lower payments that gradually increase over a few years, then level off to a fixed payment.

_____ Are Loans Offering Low Payments for the First Few