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A bank offers three mortgages shown. Which mortgage(s) will have fixed payments for at least the first 3 years?
Fixed rate mortgage at 5% for 30 years
Adjustable rate mortgage at 3% for 30 years with terms 3/1 and a cap of 2/5
Balloon mortgage at 4% with terms 30/5


a Fixed rate only
b Fixed rate and balloon only
c Fixed rate and adjustable rate only
d Fixed rate, adjustable rate, and balloon

Sagot :

Answer:

d

Step-by-step explanation:

im sorry if its wrong my apologies

Answer:fixed rate and adjustable rate and balloon!

Step-by-step explanation: look at the details the fixed is obvious and the adjustable is 3/1 so thats 3 years, the ballon is passed 3 years so thats also great news its all of them thank ttv:stratasphere555 when hes live sometime he found the answer for you!

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