Question
Which of the following best describes a mortgage whose borrowing cost can vary during the term of the loan: Overall financing costs are likely lower.
Which of the following best describes a mortgage whose borrowing cost can vary during the term of the loan:
| Overall financing costs are likely lower.
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| Monthly payment remains the same during the term of the loan.
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| Lower rates for the term of the loan.
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| Borrowing costs are fixed for a set number of years, then reset at prevailing interest rates |
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Development Finance Innovations For Sustainable Growth
Authors: Nicholas Biekpe, Danny Cassimon, Andrew William Mullineux
1st Edition
331954165X, 978-3319541655
