Why are variable-rate mortgages are riskier than fixed-rate mortgages?
A) Interest rates are predictable.
B) Interest rate may rise during the term.
C) Payments may fluctuate frequently.
D) Variable-rate are usually open.
Correct Answer:
Verified
Q53: Which would be the best mortgage option
Q60: Which mortgage option is best in the
Q78: A house appraises at $285 000. What
Q79: Ianna has found a fixed rate mortgage
Q80: Why is a conventional mortgage a good
Q81: Principal, interest, and property taxes on a
Q82: Mertyl is interested in buying a house
Q84: Which of the following would be the
Q85: An amortization schedule shows all but the
A)principal
Q87: If you wish to keep your monthly
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