The Advantages of a Fixed-Rate Mortgage Over an ARM Include

question 200

Multiple Choice

The advantages of a fixed-rate mortgage over an ARM include

• A)no private mortgage insurance required.
• B)fixed payments that are easier to budget for.
• C)less worry about the loan reaching the rate and payment caps.
• D)none of the above.
• E)both B and C.

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Definitions:

Treatment Plan

A detailed plan tailored to an individual patient, outlining the approach, methods, and goals of treatment.

Adaptive

Having the ability to adjust to new conditions or environments, or modify oneself to fit new or changing circumstances.

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) that the body goes through when under stress, described by Hans Selye.

Blood Pressure

The force exerted by circulating blood on the walls of the body's arteries, a critical vital sign indicating the health of the cardiovascular system.