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18 February, 14:23

A monthly fixed rate mortgage payment

could change.

never changes.

increases annually.

decreases annually.

+5
Answers (2)
  1. 18 February, 14:29
    0
    I believe the answer is: Never changes

    In a fixed rate mortgage payment, the payer would be informed at the very beginning the amount that they're expected to pay for the following months to come.

    Even if the net value of the properties change due to market condition, payment under fixed mortgage rate wouldn't be affected.
  2. 18 February, 15:21
    0
    The correct answer is ‘never changes’. A monthly fixed rate mortgage payment never changes - it says at a fixed rate for the entire length of the mortgage’s term.
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