thapLadaodie7Is9H thapLadaodie7Is9H

15-08-2016
Mathematics

contestada

Marion wants to know exactly what her mortgage payments will be each month. What type of mortgage would be her best choice?

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WorldlyGlass49 WorldlyGlass49

17-08-2016

Her best choice would be to take a fixed rate mortgage because it would let her know exactly how much she would pay each month.

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MsEHolt MsEHolt

09-09-2018

The correct answer is:

Fixed-rate mortgage.

Explanation:

A fixed-rate mortgage is one in which the interest rate is the same for the life of the loan.

Since the interest rate is the same each year, and the amount borrowed is set, the payments would be the same each month for the life of the loan.

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