Which of the following statements about mortgages is incorrect?
Question 11 options:
Th...
Which of the following statements about mortgages is incorrect?
Question 11 options:
The rate for an adjustable-rate mortgage usually starts higher than the current rates for a fixed-rate mortgage.
Many adjustable-rate mortgages specify maximum rate increases and ceilings.
If you obtain a fixed-rate mortgage at 6 percent today, the rate will still be 6 percent 20 years from now.
The rate on an adjustable-rate mortgage may go up or down based on changes in the economy.
Answers: 2
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