On which of the following adjustable-rate loans must the bank use an index beyond its control?
Posted: Tue Mar 08, 2022 10:37 am
On which of the following adjustable-rate loans must the bank use an index beyond its control?
A. A loan to purchase a home to refurnish and resell for a profit
B. A loan to purchase a vacation home
C. A loan to purchase a duplex where the borrower will live in one of the units
D. A loan to purchase a home to be used as rental property
A. A loan to purchase a home to refurnish and resell for a profit
B. A loan to purchase a vacation home
C. A loan to purchase a duplex where the borrower will live in one of the units
D. A loan to purchase a home to be used as rental property