Question and answer
3) Which of the following statements is true of adjustable-rate mortgages? A. The interest rate changes on ARMs are limited per year and per lifetime. B. They cannot be converted to fixed-rate loans. C. They generally carry higher initial interest rates than conventional mortgages. D. There is no limit as the amount of payment change on an ARM.
Question
Asked 12/5/2010 2:21:43 PM
Updated 2/3/2022 1:43:59 PM
1 Answer/Comment
f
Get an answer
Original conversation
User: 3) Which of the following statements is true of adjustable-rate mortgages? A. The interest rate changes on ARMs are limited per year and per lifetime. B. They cannot be converted to fixed-rate loans. C. They generally carry higher initial interest rates than conventional mortgages. D. There is no limit as the amount of payment change on an ARM.

Weegy: B. The interest rate changes on ARMs are limited per year and per lifetime
IfNotSo|Points 6259|

User: Which of the following is not one of the advantages of renting a home? A. lower monthly payments B. less responsibility C. greater certainty D. mobility

Weegy: A. greater certainty
IfNotSo|Points 6259|

User: Which of the following is considered an advantage of home ownership? A. Profits on real estate are guaranteed. B. Mortgage payments are always lower than rent payments. C. Interest paid on the mortgage of your home is tax deductible. D. You are responsible for all repairs and maintenance.

Weegy: The answer is C. The fact that interest paid on the mortgage of your home is tax deductible is considered an advantage of home ownership.
ramkitten|Points 4302|

User: Which of the following is not true about student loans? A. There are two types of student loans: subsidized or unsubsidized. B. You may qualify for a loan even if you are in default on another student loan. C. They often carry lower interest rates than other types of loans or credit cards. D. It is possible to defer payment on some student loans until after you graduate.

Weegy: B. The statement "there are two types of student loans--subsidized or unsubsidized" is not true. here are many types of student loans to choose from.
ramkitten|Points 4302|

User: ) Which type of bankruptcy requires the liquidation of most of your assets? A. Chapter 11 B. Chapter 13 C. Chapter 5 D. Chapter 7

Weegy: C. Chapter 7
IfNotSo|Points 6259|

User: Which of the following is true about interest rates? A. Automobile loans have high interest rates because the loans are unsecured debt. B. Interest rates on ARM mortgages never change. C. Mortgage lenders will often allow you to pay discount points to reduce your loan interest rate D. Interest rates are the same on credit cards, consumer loans, and mortgages.

Weegy: Mortgage lenders will often allow you to pay discount points to reduce your loan interest rate
toxictoast96|Points 2260|

User: What information is not included on your credit report? A. Negative credit information, such as late or skipped payments B. Information on open and closed accounts C. Information on accounts held jointly with another person D. Information on employment evaluations

Weegy: B. Information on open and closed accounts
Expert answered|IfNotSo|Points 6259|

User: Which of the following is not one of the advantages of renting a home? A. mobility B. greater certainty C. lower monthly payments D. less responsibility

Question
Asked 12/5/2010 2:21:43 PM
Updated 2/3/2022 1:43:59 PM
1 Answer/Comment
New answers
Rating
3
The following is not one of the advantages of renting a home: GREATER CERTAINTY.

Added 2/3/2022 1:43:59 PM
This answer has been confirmed as correct and helpful.
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Laymen’s
Weegy: what? (More)
Question
Expert Answered
Updated 7/20/2014 5:50:46 PM
1 Answer/Comment
Laymen’s or Layman is a person who is not a member of the clergy.
Added 7/20/2014 5:50:46 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [7/20/2014 5:51:48 PM]
38,900,061
questions answered
Popular Conversations
What does PCT mean in basketball
2/14/2024 8:06:12 PM| 3 Answers
Who constructed railroads?
Weegy: Constructed railroads were made by Private investors. User: What was the spoils system? Weegy: Spoil system ...
2/15/2024 5:22:13 AM| 3 Answers
In The Proposal, after Stepan brings Ivan back into the house, what's ...
Weegy: The second thing that Ivan and Natalya fight about in "The Proposal" is: Their dogs. User: In The Proposal, as ...
2/16/2024 4:07:05 PM| 3 Answers
which of the following is a con of hydropower
Weegy: Hydropower is electricity generated using the energy of moving water.
2/13/2024 12:13:12 AM| 2 Answers
Recharge is the transfer of water into the ground to become ground ...
Weegy: Recharge is the transfer of Surface water into the ground to become ground water. User: While hiking in a ...
2/13/2024 12:53:33 AM| 2 Answers
FEMA is-241.c exam
Weegy: What is your question? User: Which of the following is a key element for effective decision making Weegy: ...
2/13/2024 12:55:50 AM| 2 Answers
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
S
L
P
Points 1355 [Total 3084] Ratings 1 Comments 1345 Invitations 0 Offline
S
L
Points 1020 [Total 2718] Ratings 1 Comments 1010 Invitations 0 Offline
S
L
P
1
Points 827 [Total 2437] Ratings 7 Comments 757 Invitations 0 Offline
S
L
Points 730 [Total 730] Ratings 0 Comments 0 Invitations 73 Offline
S
L
Points 545 [Total 1356] Ratings 1 Comments 535 Invitations 0 Offline
S
L
Points 494 [Total 494] Ratings 7 Comments 424 Invitations 0 Offline
S
L
L
Points 110 [Total 6757] Ratings 2 Comments 90 Invitations 0 Offline
S
L
1
1
1
1
Points 70 [Total 2225] Ratings 7 Comments 0 Invitations 0 Offline
S
L
Points 61 [Total 1417] Ratings 1 Comments 51 Invitations 0 Offline
S
L
Points 34 [Total 3448] Ratings 1 Comments 24 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.