a monthly fixed - rate mortgage payment could change. never changes. increases annually. decreases annually.
a monthly fixed - rate mortgage payment could change. never changes. increases annually. decreases annually.
Answer
Answer:
B. never changes.
Brief Explanations:
A fixed - rate mortgage has a set interest rate for the life of the loan. So, the monthly payment amount, which is calculated based on this fixed rate, principal amount, and loan term, remains constant throughout the loan period.