Question

A bank offers three mortgages shown. Which mortgage(s) will have fixed payments for at least the first 4 years?
Fixed rate mortgage at 5% for 25 years
Adjustable rate mortgage at 3% for 30 years with terms 3/1 and a cap of 3/7
Balloon mortgage at 4% with terms 25/5

answers:

a
Fixed rate only
b
Fixed rate and balloon only
c
Fixed rate and adjustable rate only
d
Fixed rate, adjustable rate, and balloon

Answer 1

I don't know sorry but I am 10th class good morning have a good day