if a person has a 20 - year variable interest - rate mortgage, the monthly mortgage payment is likely to\no…

if a person has a 20 - year variable interest - rate mortgage, the monthly mortgage payment is likely to\no remain the same for the entire period of the loan.\no change several times during the period of the loan.\no increase 1% each year for the life of the loan.\no decrease 1% each year for the life of the loan.

if a person has a 20 - year variable interest - rate mortgage, the monthly mortgage payment is likely to\no remain the same for the entire period of the loan.\no change several times during the period of the loan.\no increase 1% each year for the life of the loan.\no decrease 1% each year for the life of the loan.

Answer

Brief Explanations:

A variable - interest - rate mortgage has an interest rate that can change over time. Since the interest rate can vary, the monthly mortgage payment is also likely to change several times during the period of the loan as it is based on the interest rate among other factors.

Answer:

change several times during the period of the loan.