Ask Question
4 September, 02:38

What type of mortgage loan has a fixed rate, fixed term and fixed payment?

a. fixed mortgage.

b. growing equity mortgage.

c. ARM.

d. conventional mortgage

+2
Answers (1)
  1. 4 September, 04:31
    0
    The answer to the question above is letter C. The type of mortgage loan that has fixed rate, fixed term and fixed payment is ARM. It can be converted to a fixed rate loan as the lenders prevailing interest rate plus the stated amount.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What type of mortgage loan has a fixed rate, fixed term and fixed payment? a. fixed mortgage. b. growing equity mortgage. c. ARM. d. ...” in 📘 Social Studies 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