Mortgage loans whose interest rates change periodically due to changes in market conditions. * Fixed rate mortgage Rollover mortgages Balloon payment mortgages Adjustable rate mortgage
1. Mortgage loans whose interest rates change periodically due to changes in market conditions. *
Fixed rate mortgage
Rollover mortgages
Balloon payment mortgages
Adjustable rate mortgage
2. Which option gives the right to buy an asset any time prior or to maturity? *
European Call
American Put
American Call
European Put
Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question specifying the one you’d like answered.
1)
A mortgage is a loan that is used to maintain or to buy land, home, or other piece of real estate. The borrower promises to repay the lender over a period of time, usually in a series of regular instalments divided into principal and interest.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
