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Author Question: Which of the following statements about interest-only mortgages is nottrue? (Read 48 times)

bclement10

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Which of the following statements about interest-only mortgages is 
not true?


◦ Interest-only mortgages cannot be Qualified Mortgages under The Consumer Financial Protection Bureau's rules.
◦ Mortgage payments may increase abruptly.
◦ Interest-only mortgages allow the borrower to pay only interest for the life of the mortgage.
◦ Interest-only mortgages were popular before the financial crisis.


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Marked as best answer by bclement10 on Apr 14, 2019

brittrenee

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bclement10

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Reply 2 on: Apr 14, 2019
Great answer, keep it coming :)


olderstudent

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Reply 3 on: Yesterday
Excellent

 

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