Solved

​Countryside Bank Provides Dhani with a Standard Mortgage with an Unchanging

Question 41

Multiple Choice

​Countryside Bank provides Dhani with a standard mortgage with an unchanging rate of interest to buy a home. Payments on the loan remain the same for the duration of the mortgage. This is


A) ​a fixed-rate mortgage.
B) ​an adjustable-rate mortgage.
C) ​a workout agreement.
D) ​a violation of the law.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents