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What type of mortgage loan has a fixed rate, fixed term and fixed payment? a. fixed mortgage. b. growing equity mortgage. c. ARM. d. conventional mortgage
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What type of mortgage loan has a fixed rate, fixed term and fixed payment?

a. fixed mortgage.
b. growing equity mortgage.
c. ARM.
d. conventional mortgage

User Astravagrant
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The answer to the question above is letter C. The type of mortgage loan that has fixed rate, fixed term and fixed payment is ARM. It can be converted to a fixed rate loan as the lenders prevailing interest rate plus the stated amount.
User SteelToe
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