Advantages to a home buyer of a graduated payment mortgage

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Reference no: EM131314999

1. What are the advantages to a home buyer of a graduated payment mortgage?

2. What is the major constraint on lenders in setting new interest rates for an adjustable rate mortgage?

3. Discuss the quality of the major indexes cited in the text.

4. Identify the limits or caps placed on changes in the interest rate on an adjustable rate mortgage.

5. What is the difference between amortization and negative amortization?

Reference no: EM131314999

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