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Would it be advantageous to borrow money if you expected prices to rise? Why? Why not?You are planning to buy a home: a 5-year adjustable
Would it be advantageous to borrow money if you expected prices to rise? Why? Why not?You are planning to buy a home: a 5-year adjustable rate mortgage has 3.5% interest and a fixed rate mortgage has a 4.1% interest rate. Which would you choose?Be sure to clearly discuss the differences between a fixed and adjustable rate mortgage. What are the pros and cons of each? Then explain why you would chose the rate you did.
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