a monthly fixed rate mortgage payment could change. never changes. increases annually. decreases annually.
a monthly fixed rate mortgage payment could change. never changes. increases annually. decreases annually.
Answer
Brief Explanations:
A monthly fixed - rate mortgage payment has a set interest rate for the life of the loan. As long as the loan terms remain the same, the principal and interest portion of the payment does not change. Other components like property taxes and insurance may change, but the core mortgage payment amount for principal and interest never changes.
Answer:
B. never changes.