Which of the Following Mortgage Scenarios Will Benefit the Homeowner

question 54

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 rare mortgage when interest rate rises.
• D) None of the above, as banker's interest will always be protected.

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Definitions:

Fluoxetine (Prozac)

A prescription medication commonly used to treat depression, obsessive-compulsive disorder, and a number of other mental health conditions.

Lithium

A drug used to treat bipolar disorder, which at proper maintenance dosage reduces both manic and depressive episodes.

Moods

Long-lasting emotional states that are less intense and less specific than emotions and do not necessarily have a contextual stimulus.

Prozac

A brand name for fluoxetine, a selective serotonin reuptake inhibitor (SSRI) antidepressant used to treat depression, OCD, and several other conditions.