Question
1.What is the main difference between home equity loans (HELs) and home equity line of credits (HELOCs)? 2.What are ARM periods? What is a 5/1
1.What is the main difference between home equity loans (HELs) and home equity line of credits (HELOCs)?
2.What are ARM periods? What is a 5/1 ARM?
3.Ron and Linda are shopping for a mortgage. They are considering between a fixed rate loan and an adjustable rate mortgage (ARM). Which type of loan has lower insurance premiums? And why?
4.Briefly discuss the reasons most borrowers refinance loans.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
