Ask Question
11 February, 11:14

A newly married couple is having trouble affording a home. What type of mortgage arrangement would reduce the monthly payment as a result of an interest rate subsidy from a builder or real estate developer?

+1
Answers (1)
  1. 11 February, 13:45
    0
    The correct answer is buy down.

    Explanation:

    The buy down agreement refers to a reduction made within a mortgage contract, and where buyers are expected to enjoy a lower rate during the first years of amortization, and to meet all obligations. In the example, people have liquidity problems, and this type of contract allows them a better option so that they do not fall behind in their recurring payments.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A newly married couple is having trouble affording a home. What type of mortgage arrangement would reduce the monthly payment as a result ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers