If you have a loan in which the interest rate does not change during the term of the loan you have a _____________ mortgage.
  1. fixed-rate
  2. conventional fixed-rate
  3. owner financing
  4. all of the above
Explanation
Answer: A. A loan in which the interest rate does not change during the term is called a fixed-rate mortgage.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz