Question

What is an advantage of an adjustable-rate mortgage?

A borrower always knows how much to pay the bank each month.
A borrower can purchase a home with little financial risk.
A drop in interest rates may result in lower monthly payments.
A rise in interest rates may result in lower monthly payments.

Answer 1

A drop in interest rates may result in lower monthly payments.

Step-by-step explanation:

Answer 2

The correct answer will be option letter “C”