Question

Which of the following statements is true? a) You will always pay less interest with a 15-year mortgage than with a 30-year mortgage, provided that the interest rate is the same for both loans b) With an adjustable rate mortgage, the interest rate always increases after the first five years c) If you refinance your home, the interest rate will remain the same Submit

Answer 1

b) With an adjustable rate mortgage, the interest rate always increases after the first five years