What is an advantage of an adjustable-rate mortgage?
A borrower always knows how much to pay the bank each month.
A borrower can purchase a home with little financial risk.
A drop in interest rates may result in lower monthly payments.
A rise in interest rates may result in lower monthly payments.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is an advantage of an adjustable-rate mortgage? A borrower always knows how much to pay the bank each month. A borrower can purchase a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On March 1, the board of directors declared a cash dividend of $0.75 per common share to shareholders of record on March 10, payable March 31.
Answers (1)
A researcher wants to know if a new sports drink improves physical performance. participants are first measured on the number of sit-ups they can complete in one minute.
Answers (1)
Corey deposits $1,000 in a savings account that pays an annual interest rate of 5 percent. Over the course of ayear, the inflation rate is 1.7 percent. At the end of the year, Corey hasa.
Answers (1)
If european governments and hospitals continue to publicize their existing services to american medical tourists and more americans consider joint-replacement surgery to improve their quality of life, what will happen in the market for
Answers (1)
A construction company has 12 workers who are paid minimum wage. The company wants to reduce costs because there is less work.
Answers (1)
New Questions in Business
Dave and betsy have run kozy korner for many years, and from that experience they feel knowledgeable about the most likely threats to the business. however, experience has also taught them that completely unexpected events can happen.
Answers (1)
Firm A and Firm B have the same total assets, ROA and profit margin. However, Frim B has a higher debt ratio and interest expense then Firm A. Which of the following statements is correct? A.) Firm B must have a higher ROE than first A. B.
Answers (1)
You own a portfolio that is 32 percent invested in Stock X, 20 percent invested in Stock Y, and 48 percent invested in Stock Z. The expected returns on these three stocks are 6 percent, 19 percent, and 15 percent, respectively.
Answers (1)
Which of the following statements about knowledge is true? Data and information are the same as knowledge. Knowledge resides in information. Knowledge is the understanding that one gains from information.
Answers (1)
A client with acquired immunodeficiency syndrome (AIDS) develops Pneumocystis carinii pneumonia. Which nursing diagnosis has the highest priority? A. Impaired oral mucous membranes B. Activity intolerance C.
Answers (1)