Which of these loan options is strongly recommended for first-time buyers? Choose all that apply. Adjustable-rate Contract for deed Balloon Fixed-rate Interest-only

Per latter academics question and answer requested students to state what they assume is the most crucial important element for a student to do to be able to obtain success. One which response stood out from the rest was practice. Persons who ordinarily are successful do not become successful by being born. They work hard and dedicate their lives to succeeding. If you would like to complete your goals, keep this in mind! just below are one of the answer and question example that you could certainly benefit from to practice and boost your information and also give you insights that should guide you to keep up your study in school.

Question:

Which of these loan options is strongly recommended for first-time buyers? Choose all that apply. Adjustable-rate Contract for deed Balloon Fixed-rate Interest-only

Answer:

Answer:

Fixed-rate

Explanation:

Fixed-rate loans and mortages are those that have a specific interest rate, and a specific payment that will not ever change over the duration of the loan because both are fixed. In other words, a fixed-rate loan is simply a annuity payment over a particular period of time.

For first-time buyers this is the easiest option because it is simple, it can be easily projected over time, and helps with financial planning.

They could hopefully help the student solve the question by implementing the questions and answer examples. You would certainly then have a discussion with your classmate and continue the school learning by studying the topic alogside each other.

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