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:

Humerus

The long bone in the upper arm that runs from the shoulder to the elbow.

Teres Major

A muscle in the upper arm, which helps in the rotation and adduction of the shoulder.

Supraspinatus

A muscle situated on the upper part of the back that assists in the abduction of the arm.

Abducts

Refers to the movement of a limb or other part away from the midline of the body or from another part.