Pros and Cons of Adjustable-Rate Mortgages

1 answer:

4 0

The pros and cons of the Adjustable-Rate Mortgages are consistent payments and lower interest rates possible.

<h3>What is Mortgage?</h3>

Mortgage refers to the agreement between the lender and the buyer which involves the exchange of the money.

When person and a lender enter into a mortgage, the lender is granted the power to seize your property if person are unable to pay back the loan amount plus interest. Mortgage loans are used to either purchase a home or borrow against an existing home's worth.

Adjustable-Rate Mortgages is the loan which is granted for the homes which depends on the market as it does not has the fixed rate of interest.

The ARS mortgage type offers comfortable consistent payments, and over time, reduced interest rates may be feasible. However, there is a chance that interest will grow, which could be a drawback.

Learn more about Adjustable-Rate Mortgages here:

brainly.com/question/12345275

#SPJ1

You might be interested in

Kkkkkkkkkkkkkkkkkk<br>kkkkkkkkkkkkkkkkkkk

DedPeter [7]

it is correc tbecuas it is that why it is a

3 0

2 years ago

Omega Corporation uses process costing to calculate the cost of manufacturing pool systems. Beginning work in process included 3

Karo-lina-s [1.5K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

6 0

3 years ago

The Federal Open Market Committee promotes price stability and economic growth through

damaskus [11]

Federal Open Market Committee holds regularly scheduled meeting per year. Meeting's agenda includes reviews economic and financial conditions. They also determines stance of monetary policy and assesses the risk to its long run goal of price stability and sustainable economic growth.

4 0

3 years ago

Read 2 more answers

the 360 degree feedback performance appraisal system tries to improve performance ratings by forcing managers to :

olga nikolaevna [1]

Answer:

Include information from a wide range of sources in their reviews.

Explanation:

Performance appraisal refers to the evaluation of employees' performance by the human resource managers in an organization. The 360-degree feedback performance appraisal system is a type of performance appraisal that sources information about an employee from various sources, which ranges from subordinates, lateral and supervisory sources. This implies that the manager seeks to gain insight about the employee from his fellow employees, from his supervisors, his subordinates, and sometimes from external sources such as the customers who interact with that employee on a daily basis.

Most managers use this system of appraisal for developmental purposes and evaluation of an employee's performance. Information sourced can then be used to help the employees improve on their skills or promote/demote them.

5 0

3 years ago

A firm whose production process exhibits constant returns to scale would find that if it doubled all of its inputs, its output w

Tom [10]

If the returns are constant to scale, the output increases by the same as the increase in inputs, therefore, it would double.

7 0

3 years ago