An ARM is
a. a graduated payment mortgage.
b. a growing equity mortgage.
c. a mortgage in which the interest rate changes periodically based on an index.
d. a reverse annuity mortgage.
Answer: c. a mortgage in which the interest rate changes periodically based on an index.
Business
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In a buyer's closing statement, the selling price is listed as:
a. a debit to the buyer. b. a debit to the seller. c. a credit to the buyer. d. a debit to the lender.
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Under the doctrine of strict liability, likability depends on intentions and the exercise of reasonable care
Indicate whether the statement is true or false
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