A Type of Financing Made Available by a Builder or Seller

Multiple Choice

A type of financing made available by a builder or seller to a potential new-home buyer at well below market interest rates, often only for a short period, is termed a:

A) conventional mortgage.
B) convertible adjustable-rate mortgage (ARM) .
C) buydown.
D) two-step adjustable-rate mortgage (ARM) .
E) growing-equity mortgage.