Finance

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One goal of mortgage financing should be selecting the type of mortgage that results in the highest ... Started by cmoore54	3 Replies 66 Views	Apr 14, 2019 by beccamahon
Describe how a mortgage and other related expenses affect a personal budget, income statement, and ... Started by pepyto	3 Replies 55 Views	Apr 14, 2019 by coreycathey
If you are not planning to stay in your current house for very long, ________ would probably not be ... Started by lracut11	3 Replies 12 Views	Apr 14, 2019 by jrpg123456
Which of the following is the primary reason that a mortgage lender may allow a rate modification to ... Started by newbem	3 Replies 9 Views	Apr 14, 2019 by Heffejeff
A balloon payment mortgage starts with higher payments, which decrease as the mortgage is paid off. Started by fbq8i	3 Replies 83 Views	Apr 14, 2019 by GCabra
The type of mortgage that is usually the shortest term and will require further action at the end of ... Started by Cooldude101	3 Replies 11 Views	Apr 14, 2019 by abro1885
Renting is almost always a better financial option since owning a home has so many costs such as ... Started by sam.t96	3 Replies 29 Views	Apr 14, 2019 by soda0602
If the rent on an apartment is $600 per month, which is equal to a mortgage payment on a house, how ... Started by CORALGRILL2014	3 Replies 30 Views	Apr 14, 2019 by macybarnes
Which of the following would you notfactor into a decision to buy or rent a house? Started by fagboi	3 Replies 14 Views	Apr 14, 2019 by Hikerman221
Caps on adjustable-rate mortgages refer only to the maximum fluctuation in interest rates. Started by clippers!	3 Replies 31 Views	Apr 14, 2019 by jjorrostieta
Since there is no limit on how much and how fast adjustable rate mortgages (ARMs) can increase, most ... Started by james9437	3 Replies 10 Views	Apr 14, 2019 by xiazhe
If you think interest rates will rise in the near future, you should seek an adjustable rate mortgage (ARM). Started by mynx	3 Replies 37 Views	Apr 14, 2019 by skipfourms123
You currently have a 5 year adjustable variable rate mortgage which is 4 years into the adjustment ... Started by jake	3 Replies 19 Views	Apr 14, 2019 by jaykayy05
While interest rates have been historically low for the past 8 years, rates are expected to begin to ... Started by segrsyd	3 Replies 21 Views	Apr 14, 2019 by braelync
Which of the following is nottrue concerning adjustable rate mortgages (ARMs)? Started by madam-professor	3 Replies 9 Views	Apr 14, 2019 by Christopher
The interest rate on an ARM may be adjusted Started by mynx	3 Replies 10 Views	Apr 14, 2019 by morganmarie791
A mortgage where the interest owed changes in response to movements in a specific market-determined ... Started by genevieve1028	3 Replies 7 Views	Apr 14, 2019 by kiamars2010
The initial rate on an ARM will typically be Started by mrsjacobs44	3 Replies 5 Views	Apr 14, 2019 by jojobee318
The term ARMstands for Started by LaDunn	3 Replies 11 Views	Apr 14, 2019 by dawsa925
Adjustable-rate mortgages are riskier than fixed-rate mortgages. However, they may be useful when ... Started by bobbie	3 Replies 49 Views	Apr 14, 2019 by ong527
For a long-term home loan, such as 30 years, the amount of principal you pay on your loan during the ... Started by sam.t96	3 Replies 54 Views	Apr 14, 2019 by amandanbreshears
There are a number of different mortgage types to choose from in financing a house or condominium, ... Started by mrsjacobs44	3 Replies 47 Views	Apr 14, 2019 by micaelaswann
Tiffany and Jason want to obtain a $72,000 mortgage. Their payments would be $730 for a 15-year ... Started by future617RT	3 Replies 11 Views	Apr 14, 2019 by miss.ashley
The size of the monthly payment on a mortgage is notdependent on the Started by darbym82	3 Replies 34 Views	Apr 14, 2019 by covalentbond
The schedule that discloses the monthly payment that you will make, based on a specific mortgage ... Started by Yolanda	3 Replies 35 Views	Apr 14, 2019 by frogdreck123456