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which type of loan features lower interest rates for a short duration, then changes when current rate averages?

A. Point based mortgage.
B. Fixed rate mortgage.
C. Adjustable rate mortgage.
D. Balloon mortgage.
1 year ago

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Answered by GPT 3.5
C. Adjustable rate mortgage.
1 year ago

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Question

which type of loan features lower interest rates for a short duration, then changes when current rate averages?

A. Point based mortgage.
B. Fixed rate mortgage.
C. Adjustable rate mortgage.
D. Balloon mortgage.

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