Yvette has a flexible-rate mortgage that has a maximum monthly increase.This feature is called a(n)

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The feature described is a payment cap, which limits the amount that the monthly mortgage payment can increase in any given period, even if interest rates rise. A flexible-rate mortgage with a payment cap is also known as an adjustable-rate mortgage (ARM). FHA and VA loans are types of government-backed mortgages, and negative amortization refers to a situation where the borrower's monthly payments are not sufficient to cover the interest due, resulting in an increase in the principal balance of the loan. Therefore, options A, B, and E are incorrect.

Yvette Has a Flexible-Rate Mortgage That Has a Maximum Monthly