Answered

What is a benefit of taking out a fixed-rate mortgage?
Choose only ONE best answer.
A
A predictable payment for the life of the loan
B
Low interest rates at first, then adjusted to market rates
C
Pay your home off in one big payment after an initial 5-year period.



Answer :

GinnyAnswer

Final answer:

A benefit of a fixed-rate mortgage is a consistent monthly payment, providing financial stability for borrowers.


Explanation:

A benefit of taking out a fixed-rate mortgage is a predictable payment for the life of the loan. With a fixed-rate mortgage, the interest rate remains the same throughout the loan term, providing stability and enabling borrowers to budget effectively.


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