If a mortgage is obtained at a high rate and interest rates subsequently decline, a mortgagee would probably allow assignment of the mortgage.

Name: If a mortgage is obtained at a high rate and interest rates subsequently decline, a mortgagee would probably allow assignment of the mortgage.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

If interest rates decline, the mortgagee would have less incentive to keep the high-rate mortgage and would likely allow the mortgage to be assigned to someone else.

If a Mortgage Is Obtained at a High Rate and Interest