A Loan in Which the Payments Go Up or Down

question 6

Multiple Choice

A loan in which the payments go up or down with movements in the index,is called a(n) :

• A) adjustable rate mortgage
• B) graduated payment mortgage
• C) buy down mortgage
• D) shared appreciation mortgage

---

Definitions:

Private Businesses

Enterprises owned, controlled, and operated by individuals or entities for profit that are not government-owned.

Government Organizations

Government organizations are entities established and funded by the government to implement laws, policies, and provide services to the public.

Online Catalog

An electronic platform that displays a collection of products or services provided by a retailer or a vendor, enabling users to browse and purchase items digitally.

Keyword

A significant word or phrase used in indexing or searching for relevant content on a particular topic, often crucial in digital content and SEO strategies.