Phil and Roweena are first time home buyers struggling to make ends meet. They enter into a mortgage with an interest rate of 4.25% for a term of 30 years. The mortgage is self amortizing, but the monthly payments for the first 3 years of the mortgage are lower than the required self amortizing payments. At the end of 3 years, though, the mortgage payments will increase so that they actually
exceed the required self amortizing payments to make up for the shortfall during the first 3 years of the mortgage. Roweena and Phil have most likely entered into a:
A. Graduated payment mortgage
B. Fixed rate mortgage
C. Balloon mortgage
D. Adjustable rate mortgage
A
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a. Spouses b. Immediate family members c. The group working on the case d. All of these choices are correct
The process of carrying on a civil lawsuit is called
a. trial b. prosecution c. litigation d. all the above
The only way to ensure that a case management program can handle a variety of documents is to convert them all into a common format
Indicate whether the statement is true or false
Identify and discuss at least three of the defenses a transferee may assert against the trustee in a voidable transfer action
What will be an ideal response?