Alexis wants to buy a large home relative to her income and thinks that she may not

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Alexis wants to buy a large home relative to her income and thinks that she may not qualify for a mortgage for 80 percent of the price. She expects interest rates to rise and anticipates staying in the home for many years. Explain the strengths and weakness of fixed versus variable-rate mortgages for her. Indicate which one you would select and why?
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