Borrowers tend to prefer ________ to ________,whereas lenders prefer ________.
A) fixed-rate loans; ARMs; fixed-rate loans
B) ARMs; fixed-rate loans; fixed-rate loans
C) fixed-rate loans; ARMs; ARMs
D) ARMs; fixed-rate loans; ARMs
Correct Answer:
Verified
Q3: Which of the following is true of
Q4: During the early years of a balloon
Q5: During the early years of an amortizing
Q6: Which of the following are true of
Q7: Typically,discount points should not be paid if
Q9: Which of the following are true of
Q10: Which of the following are true of
Q11: Which of the following is true of
Q12: (I)Conventional mortgages are originated by private lending
Q13: Which of the following protects the mortgage
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