WorksheetsAdjustable Rate v. Fixed Rate
Total questions: 6
Worksheet time: 8mins
Name
Class
Date
1.
Carl is living in Lexington with his girlfriend until she finishes her med school program. What type of mortgage might be best for him?
a)
Fixed Rate
b)
Adjustable Rate
2.
Why do you think that's the best option for Carl?
4 lines
3.
Tanya has worked out a budget that allows her to pay her mortgage and save for her three young children’s college funds. What type of mortgage might be best for her?
a)
Fixed Rate
b)
Adjustable Rate
4.
Why do you think that's the best option for Tanya?
4 lines
5.
Kristie needs lower payments for a few years until she’s done paying off her student loans, and who thinks she could then afford far greater payments. What type of mortgage might be best for her?
a)
Fixed Rate
b)
Adjustable Rate
6.
Why do you think that's the best option for Kristie?
4 lines
100 %
