Question
8. What is the difference between mortgage bankers and mortgage brokers? Does either offer prospective homeowners an advantage? If so, what? 9. What are the
8. What is the difference between mortgage bankers and mortgage brokers? Does either offer prospective homeowners an advantage? If so, what?
9. What are the advantages and disadvantages of government-backed loans, such as VA or FHA loans?
10. What two factors determine the interest rate for an ARM? How might this differ from the initial rate? Why are the factors of rate caps and adjustment intervals important?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
