Multiple Choice
You believe that interest rates may drop and have decided not to lock in an interest rate on your loan during the loan commitment process.This is called a:
A) buy-down.
B) discount point.
C) float.
D) rate cap.
E) payment cap.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q83: James Monroe is a member of a
Q84: Prefabricated homes refers to:<br>A)nonprofit ownership.<br>B)government leasing of
Q85: Prepaid interest charged by a mortgage lender
Q86: Which document does the seller use to
Q87: An escrow account is designed to reduce
Q89: If you sell your home without a
Q90: Kate plans to rent instead of buying
Q91: Jerry Watson is considering buying a home.What
Q92: Nicole and Larry have decided to perform
Q93: Real estate advisors suggest a price-to-rent ratio