Which of the Following Mortgage Scenarios Will Benefit the Homeowner

question 4

Multiple Choice

Which of the following mortgage scenarios will benefit the homeowner the most?

• A)Adjustable rate mortgage when interest rate increases.
• B)Fixed rate mortgage when interest rates falls.
• C)Fixed rate mortgage when interest rate rises.
• D)None of the answers given, as banker's interest will always be protected.

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Definitions:

Recurrent Nightmares

Repeated occurrences of frightening dreams that cause distress or impairment in social, occupational, or other important areas of functioning.

Sleep Clinic

A medical facility specially equipped for diagnosing and treating sleep disorders.

Mind Wandering

The experience of thoughts not remaining on a single topic for a long period, often shifting from one topic to another without any conscious direction.

Consciousness

The state of being aware of and able to think about one’s own existence, sensations, thoughts, surroundings, and experiences.