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Maksim231197 [3]
3 years ago
14

What is the best option for Carmina as she purchases her dream home to enjoy for many years? (5 points)

Business
2 answers:
SOVA2 [1]3 years ago
5 0

Answer:

a fixed rate mortgage

bc is simply a loan in which the interest rate and monthly payment amount do not change over the life of the loan.

german3 years ago
3 0

Answer:

Applying for a fixed rate mortgage

Explanation:

A mortgage is a credit facility used to finance the acquisition of properties and homes. A mortgage allows one to borrow has a huge amount of money and spreads repayments over many years.

A fixed-rate mortgage charges a fixed interest rate throughout the life of the mortgage, unlike the ARM mortgage. In the fixed-rate mortgage, the monthly repayments are predictable and constant, which makes planning easy. Since Carmina plans to stay in her dream home for many years, a fixed-rate mortgage is ideal.

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