Mortgages Quizzes-What is the lowest risk mortgage - E-PersonalFinance
    • Answer to Quiz
    College Saving
    What is the lowest risk mortgage to consider?
    Answer: (b), fixed rate mortgage
    A traditional 30-year fixed rate mortgage is typically the safest choice to make. Every month the payment remains the same, and the interest rate does not change over the life of the loan. It can be a very good deal when interest rates are low. Later, if the rates start to drop dramatically, the borrower will have the option to refinance. Many Web sites are available to answer questions about the variety of mortgages that are available today: www.quickenloans.com www.Amerisave.com www.etrafficers.com www.HomeLoanSearch.com www.Mortgage.com


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    A clause in a mortgage loan which requires the mortgage to be paid off on sale of the property is called a:




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