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

Marion wants to know exactly what her mortgage payments will be each month. What type of mortgage would be her best choice?
asked 171k views
3 votes
Marion wants to know exactly what her mortgage payments will be each month. What type of mortgage would be her best choice?

asked
User Axtavt
by
8.3k points

2 Answers

5 votes

Answer:

Fixed Rate (PLATO) 100% Correct

Explanation:

answered
User Mayur Kaul
by
8.2k points
4 votes
Fixed rate mortgage

Has an interest rate that is fixed for a initial term like two, five or even ten years.It will remain the same over the period giving certainly and allowing certain amount to budget for a major item of expenditure.


answered
User Dan Piessens
by
8.4k points
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