Borrowers who anticipate a significant increase in the rate of inflation prefer adjustable-rate mortgages.
Correct Answer:
Verified
Q118: Mortgages with a low down payment may
Q119: In the title search,an attorney examines the
Q120: Fixed rate mortgages are the most common
Q121: Borrowers who believe interest rates are likely
Q122: If you owe the lending institution more
Q124: Negative amortization reduces the outstanding loan balance.
Q125: The acceleration clause allows the lender to
Q126: Federal law requires that all lenders use
Q127: The contract rate on adjustable rate loans
Q128: A periodic rate cap limits adjustable-rate movements
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents