Martinndungu1986
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Freddie Mac - Credit Smart questions and Answers.
A fixed-rate mortgage is a loan where the interest rate stays the same for the life of the loan. - True A Home Equity Line of Credit is: - A revolving line of credit that is secured against your home. You can borrow money up to the amount that is approved and pay it back and reborrow as many times as you need during the term of the loan and use the funds for any purpose. A home inspection is ordered and paid for by the seller. - False A pre-payment penalty makes it costlier to pay off your ...
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A fixed-rate mortgage is a loan where the interest rate stays the same for the life of the loan. - True A Home Equity Line of Credit is: - A revolving line of credit that is secured against your home. You can borrow money up to the amount that is approved and pay it back and reborrow as many times as you need during the term of the loan and use the funds for any purpose. A home inspection is ordered and paid for by the seller. - False A pre-payment penalty makes it costlier to pay off your ...