On which of the following adjustable-rate loans must the bank use an index beyond its control?

Last Updated on January 27, 2022 by Admin 2

On which of the following adjustable-rate loans must the bank use an index beyond its control?

  • A loan to purchase a home to refurnish and resell for a profit
  • A loan to purchase a vacation home
  • A loan to purchase a duplex where the borrower will live in one of the units
  • A loan to purchase a home to be used as rental property
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments