The Type of Mortgage That Will Most Likely Need to Be

question 98

Multiple Choice

The type of mortgage that will most likely need to be refinanced is the ____ mortgage.

• A)fixed-rate
• B)adjustable-rate
• C)balloon-payment
• D)graduated-payment
• E)growing-equity

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Definitions:

HR Professionals

Individuals specializing in managing human resources and personnel-related functions within organizations.

Tool

Generally, it refers to an instrument or device designed to perform a specific function or facilitate a task.

Chatter

A term often used to describe frequent, casual, or inconsequential conversations or noise.

Market Segment

A subset of a market made up of individuals or organizations with one or more characteristics that cause them to demand similar product and/or services based on qualities like needs or interests.