Question 7 of 10
What is the main difference between balloon mortgage and ARM?
A. ARM requires good credit score at each adjustment.
B. Balloon mortgage has the highest interest rate.
ОООО
C. ARM's initial rate is a variable rate.
D. Balloon mortgage does not adjust each period.
SUBMIT

Question 7 Of 10What Is The Main Difference Between Balloon Mortgage And ARM?A. ARM Requires Good Credit

Answers

Answer 1

Answer:D

Step-by-step explanation:

Answer 2

Correct option is C, Both have fixed initial rate and payment amount.

What is  balloon mortgage?

A balloon mortgage is similar to an adjustable rate mortgage (ARM) in other ways, with an initial rate period that is equal to the balloon duration. For instance, a 7-year balloon is frequently contrasted with a 7-year ARM. For 7 years, both have a set rate; after that, the rate will change.

here, we have,

A balloon mortgage starts off with set payments for a set amount of time and comes to a finish with a single, large payment. Because it is substantially greater than the initial instalments, the one-time payment is known as a balloon payment. According to the definition of a balloon loan, the final payment is at least twice as much as the average monthly payment on the mortgage. Balloon payments typically cost tens of thousands of dollars.

Variable-rate mortgages (VRMs), commonly referred to as adjustable-rate mortgages (ARMs), feature an interest rate that may fluctuate on a regular basis based on changes in the appropriate financial index linked to the loan. Generally speaking, if the index rate rises or falls, your monthly payment will too.

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Related Questions

Answer correctly pls

Answers

the answer a !!!!!!!!!!

Which of the following is a solution of the system 2x + y = 9 and 3x + 5y = 19.​

Answers

2x+y=9

3x+5y=19

I will do this problem in 2 ways. I.)Substitution II.)Elimination

Solution I.) Substitution

We can subtract 2x from both sides in the first equation.

y=9-2x

Now we can substitute the y in the second equation with 9-2x

3x+5(9-2x)=19

-7x+45=19

-7x=-26

x=26/7

y=9-2(26/7)=11/7

Solution II.)Elimination

We can multiply both side of first equation by 5 to get a 5y in both equations.

10x+5y=45

Now because both are positive 5y we just need to do simple subtraction of the 2 equation, each side respectively.

(10x+5y)-(3x+5y)=45-19

7x=26

x=26/7

2*26/7+y=9

y=11/7

Ultimately you get the same answer, both are viable methods, some problems are faster with one method but I recommend mastering both since they are very useful.

what is the value of the expression 2c(c+3)^2 if c=2

Answers

100 is the answer jensisndhspsnd

Somebody please help me!

Answers

Answer:

second option, IQR = 13-6 = 7 and Range = 17-6 = 11

Step-by-step explanation:

Please I need help with this math problem!!!

Answers

Answer: y = 1/5x + 6

Step-by-step explanation:

Allison drove from Quincy to Park City in 3 hours along the
path shown. Traveling the same speed, it took her 5 hours
to travel from Park City to Rainey.
Quincy
135 miles
Rainey
? miles
Park City
What is the distance from Park City to Rainey?

Answers

Answer: 135 x 5 = 655 it took 655 miles park city to Rainey

HELP i need this fast

Answers

Answer:

A

Step-by-step explanation:

Find the value of x

Answers

Answer:

x=8.94427

Step-by-step explanation:

19²+x²=21²

361+x²=441

x²=80

x=√80

x=8.94427

Kira was traveling at 55 miles per hour. How many hours would it take her to travel 275 miles?

Answers

Answer:

5 hours

Step-by-step explanation:

275/55=5

Analyze the diagram below and complete the instructions that follow.

Find tan 30°

Answers

Answer:

[tex]tan(30) = \frac{A}{B}[/tex]

Step-by-step explanation:

Given

The attached triangle

Required

Find tan(30)

Let the side opposite 30 degrees be A and the side adjacent 30 degrees be B

So [using tangent identity]:

[tex]tan(\theta) = \frac{Opposite}{Adjacent}[/tex]

This gives:

[tex]tan(30) = \frac{A}{B}[/tex]

Kenya bought 4 boxes of
pencils for $3.99 each. She
also bought 2 boxes of
markers for $4.99 each. If
she paid the cashier with a
$50 bill, how much change
will Kenya get back?

Answers

Answer:

she will be recivining $24.06

Step-by-step explanation:

4x3.99=15.96

2x4.99=9.98

15.96+9.98=25.94

50-25.94=24.06

Of course with out taxes

6 yards long and 4 yards wide. What is the area in square feet?

Answers

Answer:

6 x 4= 24 is the area in square feet

let u=(5 -12) and c=-3 what is cu

Answers

Answer:21

Step-by-step explanation:

cu   u=-(5-12)=-7   c=-3    -7(-3)=21

Answer:

21

Step-by-step explanation:

1/3x−2= 3 What must the value of this number be?

Answers

Answer: 15

Step-by-step explanation:

1/3x - 2 = 3

     1/3x = 5

          x = 15

The ratio of the weight of an object on Planet A to the weight of the same object on Planet B is 100 to 3. If an elephant weighs 5000 pounds on Planet​ A, find the​ elephant's weight on Planet B.

Answers

150. Divide 5000 by 100 and you get 50. Multiply 3 by 50 and you get 150.

Answer:

one way to solve this question is to realize that every 100 pounds on planet A equals only 3 pounds on planet B.

 

So, 5000 pounds divided by 100 = 50. Then that number times 3 will give the weigh on planet B which is 150 pounds.

 

Algebraically, 100/3 = 5000/x; when we cross multiply, we get 15000/3 = x; x = 150

What is the area of 19 centimeters?

Answers

The Awnser is 7.48 inches

Let's break this up:

Radius: 19

Diameter: 38

Circumference: 119.4

So...

The area of a circle with radius 19 is 1134

A = πr2 = π(d

2

)2 A = C2

π = 3.1415

A = area

C = circumference or perimeter

r = radius, d = diameter

SOLUTION STEPS:

Area of a circle in terms of radius:

Area = π·r2 = 3.14·192 = 1134 square cm(*)

Area of a circle in terms of diameter:

Area = π·(d

2

)2 = 3.14·(38

2

)2 = 3.14·(19)2 = 1134 square cm(*)

Area of a circle in terms of circumference:

Area = C2

= 119.42

= 14256.36

(4·3.14)

= 14256.36

12.56

= 1134 square cm(*)

(*) 1134.1149479459 cm, exactly or limited to the precision of this calculator (13 decimal places).

Note: for simplicity, the operations above were rounded to 2 decimal places and π was rounded to 3.14.

Result in other units of area:

A circle of radius = 19 or diameter = 38 or circumference = 119.4 cm has an area of:

1.134 × 10-7 square kilometers (km²)

0.1134 square meters (m²)

1134 square centimeters (cm²)

1.134 × 105 square millimeters (mm²)

4.3784 × 10-8 square miles (mi²)

0.135625 square yards (yd²)

1.22063 square feet (ft²)

175.77 square inches (in²)

what is an eqivalent ratio to 10:8

Answers

Answer:

5:4

Step-by-step explanation:

divide by 2 on both sides

Answer:  

© iCalculator: Read more at: https://math.icalculator.info/ratio-calculators.html     a website

Step-by-step explanation:

Susan's pizzeria made 7 pepperoni and 20 pizzas without pepperoni. What is the ratio of numbers of pizzas with pepperoni to the number of pizzas without pepperoni?

Answers

Answer:

7/27 pizza's were pepperoni and 20/27 pizzas did not have pepperoni

Step-by-step explanation:

Which expression is equivalent to (3a2b−3)−1

Answers

2(3ab-2) or also 6ab-4

how do you tell if these fractions are equivalent? 2/3 and 8/12.

Answers

Answer:

Multiply 2/3 by 4 to make it have the same denominator.

Step-by-step explanation:

This could work for all fractions, you just need to get them to have the same denominator.

Ps. If you were wondering, they are equivalent.

If angle 1 = 80 degrees what is y

Answers

Answer:

Provide a picture, then comment on this. I will answer it.

Step-by-step explanation:

Which binomial is a factor of 2n^(2)-32

please hurry

Answers

Answer: 2(n + 4) (n - 4)

Step-by-step explanation:

Since both terms are perfect squares, factor using the difference of squares formula,

a^2 - b^2 = ( a + b ) ( a + b )

(7.5 + 3.2)

what does it equal??

Answers

Hello!

7.5+3.2=10.5

=10.5

PLS HELP
Find the area of a rectangle with base 2 yd and height 5 ft. (3 feet = 1 yard)

Answers

Answer:

30 sq ft

Step-by-step explanation:

2 yd = 6ft

6 x 5=30

P = ½ * a * h

a = 2 yd = 2 * 3 ft = 6 ft

h = 5 ft

P = ½ * 6 * 5 = 30 sq ft

11cm by 6 cm rectangle

Answers

Answer:

Question unclear.

If the question was about the perimeter of the rectangle, it is calculated as:

= (Length * 2) + (Height * 2)

= (11 * 2) + (6 * 2)

= 22 + 12

= 34 cm

If the question was bout Area, the area is:

= Length * width

= 11 * 6

= 66 cm²

Find the area brainliest will award answer quick

Answers

Answer:

9 square units

Step-by-step explanation:

1.5+3+2+1+1.5=9

In the diagram below, OP is circumscribed about quadrilateral ABCD. What is
the value of x?
A. 52
B. 50
C.90
D. 92

Answers

The answer is B. Hope this helps

The value of x is 50 because, in a quadrilateral, the sum of the opposite angles is equal to 180 degrees. option (B) is correct.

What is quadrilateral?

It is defined as the four-sided polygon in geometry having four edges and four corners and two pairs of congruent sides.

We have:

In the diagram below, OP is circumscribed about quadrilateral ABCD.

In a quadrilateral, the sum of the opposite angles is equal to 180 degree

x + 20 + 110 = 180

x + 130 = 180

x = 50

Thus, the value of x is 50 because, in a quadrilateral, the sum of the opposite angles is equal to 180 degrees. option (B) is correct.

Learn more about the quadrilateral here:

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I need help on the person 2 part of my assignment it’s due today please help

Answers

Answer:

Step-by-step explanation:

d is on a line with s so they are supplementary d+80 = 180 so d has to be 100

s and h are equal, therefore vertical angle x is also 80

Then 80 + 60 + y = 180 since they are on a straight line so y=40

Check the spelling on now - change to know

6. What is the equation in slope-intercept form of the line that passes
through the points (-3,-1) and (2, 9)?

Answers

Answer:

y=2x+5

Step-by-step explanation:

m=(y2-y1)/(x2-x1)

m=(9-(-1))/(2-(-3))

m=(9+1)/(2+3)

m=10/5

m=2

y-y1=m(x-x1)

y-(-1)=2(x-(-3))

y+1=2(x+3)

y=2x+6-1

y=2x+5

please help me I have zero clue what I'm doing!

Answers

Answer:

6

Step-by-step explanation:

10-4 is 6 and they are on the same x axis

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