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Which is true of an adjustable rate mortgage?


A.) the borrower can adjust monthly payment depending on his/her budget

B.) the interest rate may change depending on the condition of the economy

C.) the lender can adjust the monthly payment dates whenever he wants to

Verified Answer :

keniesha1

the answer for this question is B

An adjustable rate mortgage is adjusted rate of interest depending on market situations.

The rate of interest may vary , totally depends on the market value of that agency or company or the financial agency which is providing the mortgage money at certain rate.

So, option (B)  the interest rate may change depending on the condition of the economy  is true statement regarding  adjustable rate mortgage.




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