American_Bankers_Association
CTFA · Question #118
The mortgage interest rate will remain the same on these mortgages throughout the term of the mortgage.
The correct answer is D. Fixed rate mortgage. See the full explanation below for the reasoning.
Investment Management
Question
The mortgage interest rate will remain the same on these mortgages throughout the term of the mortgage.
Options
- AAdjustable term mortgage
- BGraduated payment mortgage
- CAdjustable rate mortgage
- DFixed rate mortgage
How the community answered
(60 responses)- A15% (9)
- B3% (2)
- C8% (5)
- D73% (44)
Topics
#fixed rate mortgage#mortgage types#interest rate risk#real estate lending
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