1. Which of the following mortgage type can be considered to be at a lower risk of default due to the predictable and relative conservative nature of its monthly payments?
A) an adjustable rate mortgage
B) A baloon payment mortgage
C) A reverse capitalization mortgage
D) A reverse mortgage
E) A fixed-rate, 30 year mortgage
2. When given a choice, an individual with excellent retirement benefits from his employer and $2,000 to invest for retirement, should try to do so first through...
a. 401k
b. ira
c. roth ira
d. reverse mortgage
e. a whole-life insurance policy
3.