Whether you're a student or a professional, IDNLearn.com has answers for everyone. Ask anything and receive immediate, well-informed answers from our dedicated community of experts.
Answer:
Traditional Mortgage
Explanation:
Traditional mortgages are simply constructed, with a mortgagor borrowing money at a fixed or variable interest rate and repaying the debt over time. ... These mortgages have less stringent asset and income restrictions. However, there is a cost: the lender can charge the borrower a higher interest rate.