What is the most significant cause for concern in selecting a variable-rate mortgage?
A)Interest rate increases
B)Lack of convertibility
C)The locked in term
D)Lack of security

Question

Quizplus · Accepted Answer

The most significant cause for concern in selecting a variable-rate mortgage is the potential for interest rate increases. As the interest rate fluctuates, the borrower's mortgage payments can increase, potentially leading to financial strain. It is important for borrowers to assess their ability to handle such increases before selecting a variable-rate mortgage.

What Is the Most Significant Cause for Concern in Selecting