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Define Fixed Rate Mortgages What are the pro's and con's of fixed rate mortgages? Define Adjustable-rate mortgages (ARMs) Why are ARMs attractive to borrowers? What

  • Define Fixed Rate Mortgages
    • What are the pro's and con's of fixed rate mortgages?
  • Define Adjustable-rate mortgages (ARMs)
    • Why are ARMs attractive to borrowers?
  • What is seller financing?
  • There are a couple of mortgages that should make you think twice before obtaining (please define each of the following):
    • Ballon Loans
    • Interest Only
  • When looking for a property, what are some ways that you can evaluate a region?

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