(solution) Which of these describe how a fixed rate mortgage works? A. The

(solution) Which of these describe how a fixed rate mortgage works? A. The

Which of these describe how a fixed rate mortgage works?

A. The bank gets paid all of the interest before the principal on the loan goes down.

B. The purchase price of the house never goes up with a fixed rate mortgage.

C. The property taxes on a fixed rate mortgage never get any higher.

D. The monthly payment on a fixed rate mortgage never changes.