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

User Axtavt
by
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2 Answers

5 votes

Answer:

Fixed Rate (PLATO) 100% Correct

Explanation:

User Mayur Kaul
by
7.1k 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.


User Dan Piessens
by
7.2k points
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