American_Bankers_Association
CTFA · Question #234
It is the mortgage that starts with unusually low payments that rise over several years to a fixed payment.
The correct answer is D. Graduated-payment mortgage. See the full explanation below for the reasoning.
Investment Management
Question
It is the mortgage that starts with unusually low payments that rise over several years to a fixed payment.
Options
- AShared appreciation mortgage
- BBalloon payment mortgage
- CInterest-only mortgage
- DGraduated-payment mortgage
How the community answered
(43 responses)- A5% (2)
- B12% (5)
- C2% (1)
- D81% (35)
Topics
#graduated-payment mortgage#mortgage types#rising payments
Community Discussion
No community discussion yet for this question.