When Interest Rates Are Low,what Kind of Mortgage Should You

question 28

Multiple Choice

When interest rates are low,what kind of mortgage should you get?

• A) Fixed rate
• B) ARM
• C) Balloon payment mortgage
• D) Do not get a mortgage

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Definitions:

Volume

Volume is a measure of the three-dimensional space occupied by a substance or enclosed within a container, expressed in cubic units.

Temperature

Temperature is a physical quantity reflecting the thermal energy of an object or system, indicative of the degree of heat or coldness measurable by a thermometer.

°C

Degrees Celsius, a scale and unit of measurement for temperature.

Chlorine Gas

A diatomic green-yellow, highly reactive gas and a powerful oxidizing agent, widely used for water purification and in the manufacture of various products.