What is an advantage of an adjustable-rate mortgage?
A) A borrower always knows how much to pay the bank each month.
B) A borrower can purchase a home with little financial risk.
C) A drop in interest rates may result in lower monthly payments.
D) A rise in interest rates may result in lower monthly payments.
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Home » Business » What is an advantage of an adjustable-rate mortgage? A) A borrower always knows how much to pay the bank each month. B) A borrower can purchase a home with little financial risk. C) A drop in interest rates may result in lower monthly payments.