Business, 26.08.2019 05:30, onlymyworld27

Amonthly fixed rate mortgage
a. could change.
b. never changes.
c. increases annually.
d. decreases annually.

Answers: 2

Show answers

Answers

answered: greeneashlynt

Answer;

B. never changes

Explanation;

-The fixed monthly payment for a fixed-rate mortgage is the amount paid by the borrower every month that ensures that the loan is paid off in full with interest at the end of its term.

The advantage of the fixed rate mortgage is that the payment is the same each month. This predictability makes it easier to plan your budget. There is no need to worry about future higher payments as with an adjustable-rate mortgage. There is a pay off a little of the principal each month. That automatically increases owner's home equity. -

answered: gmanbom

Option B is correct.

A monthly fixed-rate mortgage payment never changes.

Further Explanation:

Mortgage payment: Mortgage payment is the payment of the principal and interest on the mortgage loan. The mortgage loan is a type of loan where the asset is used as collateral, and the loan is disbursed. Mortgage payment remains constant. The issuer of the loan specifies the amount of the mortgage payment and the time interval of the payment. So, the amount of mortgage payment remains same for all the installments.

Justification for the correct and incorrect

Could change: This is an incorrect option.

The issuer of the loan specifies the installment. So, it does not change over the period of time.

Never changes: This is the correct option.

The mortgage payment is divided into the equal payment of the loan amount along with interest.

Increases annually: This is an incorrect option.

The mortgage payment decreases the outstanding balance of the loan. So, the interest would decrease in the future payment. It would not increase annually.

Decreases annually: This is an incorrect option.

The mortgage loan is divided into equal installments, so it cannot decrease annually.

Learn more:

Learn more about the collateral loans

Learn more about loaning the money

Learn more about the mortgage payment

Answer details:

Grade: Senior School

Subject: Business Studies

Chapter: Bonds & Debentures

Keywords: Bond, payable, loan, due date, maturity date, principal, interest, interest rate, could change, never changes, increases annually, decreases annually, fixed-rate, mortgage, mortgage loan, mortgage loan payment, mortgage payment.

answered: Guest

Whats the answer choices, but a fiscal policy is the means by which the government adjusts its spending limit and tax rates to monitor and influence a nation's economy.

answered: Guest

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;

Other questions on the subject: Business

Business, 21.06.2019 20:50, Unkn0wn3815

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

Answers: 3

continue

Business, 22.06.2019 20:00, krystynas799

In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)

Answers: 3

continue

Business, 22.06.2019 23:20, chrisgaz14

Suppose you manage an upscale restaurant in new york city. would involve writing employee schedules and a list of things to do for the chef and other kitchen staff

Answers: 3

continue

Business, 23.06.2019 00:30, msc1595

Oimpermeable peaeiremblm: a garment you put on when it's raining. eddepnieent: a sales person. rrgteeaa: to negotiate the price of an article. jcaa: a box where the sales person keeps the money of his/her sales. rbatoa: something inexpensive. zalu: the color of the sky. gfolasdaes (3 words): an object that protects your eyes from the sun.

Answers: 2

continue

Do you know the correct answer?

Amonthly fixed rate mortgage
a. could change.
b. never changes.
c. increases ann...