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Author Question: Which of the following is accurate regarding types of mortgages? (Read 45 times)

leo leo

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Which of the following is accurate regarding types of mortgages?
Open mortgages offer slightly better rates than closed mortgages.
With a variable-rate mortgage your payments will go up if prime goes up.
Most fixed-rate mortgages are convertible.
A convertible VRM gives you protection in case interest rates go up.


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Marked as best answer by leo leo on Nov 11, 2019

janieazgirl

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leo leo

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Reply 2 on: Nov 11, 2019
Thanks for the timely response, appreciate it


aruss1303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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