Fixed rate mortgage typically have a
A) higher initial interest rate than comparable adjustable rate mortgages.
B) lower initial interest rate than comparable adjustable rate mortgages.
C) identical initial interest rate to that on comparable adjustable rate mortgages.
D) an initial rate that may be above or below that on comparable adjustable rate mortgages.
Correct Answer:
Verified
Q36: Which of the following is not a
Q37: The real estate agent typically represents
A)only himself
Q38: Renting is generally the least costly alternative
A)for
Q39: "Earnest money" is equal to
A)the down payment
Q40: A net listing agreement
A)provides the seller a
Q42: On a fixed rate mortgage,
A)the contract rate
Q43: Closing costs are also termed
A)settlement costs.
B)recognition costs.
C)listing
Q44: "Marketable title" exists when
A)the home is reasonably
Q45: Points paid at closing are for payment
Q46: You are least likely to favor added
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