_____ are loans offering low payments for the first few years, gradually increasing until year 3 or 5, and then remaining fixed.
A) Reverse-annuity mortgages
B) Fixed-rate mortgages
C) Adjustable-rate mortgages (ARMs)
D) Graduated-payment mortgages
E) Rollover mortgages

Question

Quizplus · Accepted Answer

Graduated-payment mortgages offer low payments for the first few years, which gradually increase until year 3 or 5, and then remain fixed.

_____ Are Loans Offering Low Payments for the First Few