Possible negative amortization resulting from a rise in the interest rate on a adjustable rate mortgage may be avoided by
A)
raising the rate cap.
B)
lowering the payment cap.
C)
shortening the term of the mortgage.
D)
increasing the monthly payment.
D
Business
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A company received a bank statement with a balance of $6,200
Reconciling items included a bookkeeper error of $400-a $400 check recorded as $500-two outstanding checks totaling $840, a service charge of $24, a deposit in transit of $260, and interest revenue of $19. What is the adjusted bank balance? A) $5,563 B) $5,220 C) $5,115 D) $5,620
Business
According to Young & Rubicam's 4Cs, craftsmen and teachers are included in the psychographic segment called Transitionals
Indicate whether the statement is true or false
Business