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24 August, 17:53

What type of mortgage loan has a fixed rate, fixed term and fixed payment?

a. fixed mortgage.

b. growing equity mortgage.

c. ARM.

d. conventional mortgage

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  1. 24 August, 17:58
    0
    The answer to the question above is letter C. The type of mortgage loan that has fixed rate, fixed term and fixed payment is ARM. It can be converted to a fixed rate loan as the lenders prevailing interest rate plus the stated amount.
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