Scan QR code or get instant email to install app
Question:
The real estate loan that allows interest rates to increase or decrease depending on money market conditions is called a (n) ____
A
adjustable interest rate loan.
explanation
An adjustable interest rate loan, also known as an adjustable rate mortgage (ARM) , allows for interest rate fluctuations based on changes in an agreed to index.
Take more free practice tests for otherReal Estate topics with our real estate practice exam now!
Related Information
Comments