There will be no change in the interest rate during the _____ of the mortgage.
举一反三
- Which of the following describes a subprime mortgage? A: The rate of interest is less than the prime rate of interest B: The loan-to-value ratio is below average C: The life of the mortgage is less than 25 years D: The credit risk is high
- The relationship among real interest rate, nominal interest rate, and expected inflation rate is _________. A: real interest rate = nominal interest rate+ expected inflation rate B: real interest rate = nominal interest rate- expected inflation rate C: real interest rate = expected inflation rate - nominal interest rate D: nominal interest rate = real interest rate - expected inflation rate
- Sub-prime mortgage is a risky mortgage loan made to someone with a relatively low credit score and insufficient income to get a conventional mortgage. A: 正确 B: 错误
- The interest rate can be divided into spot interest rate and forward interest rate according to the time of interest calculation.
- An individual borrows $200000 to buy a house with a 30-year mortgage requiring payments to be made at the end of each month. The interest rate is 8 percent, compounded monthly. What is the monthly mortgage payment（） A: $ 1480.46. B: $ 1467.53. C: $ 2142. 39.