Bus 415 Unit 6 Discussion Questions
** There are two discussion questions. Write a response for each containing 250 words a piece.
o Discussion Question1: Explain the similarities and differences between “Fixed-Rate Mortgages,” “Adjustable Rate Mortgages,” Interest-Only Mortgages,” and “Subprime Mortgages.” Also, discuss whether you believe Subprime Mortgages are unethical from a Christian perspective, giving your reasons 250 words
o Discussion Question 2: Discuss the four elements of the “Truth In Lending Act” as well as the rights of creditors and debtors provided in said act.250 words
Solution Preview
A mortgage is a debt instrument. This means that the borrower is allowed to access what he or she wants to borrow as long as he or she offers something valuable in exchange in case he or she is unable to pay the debt. This is also known as collateral (Kim, et al. 1994). The borrower then pays the loan plus the interest accrued and is then allowed to access the valuable property he or she designated to the loaner. The following paper will help us understand mortgages better and also give us an overview of different questions.
Explain the similarities and differences between “Fixed-Rate Mortgages,” “Adjustable Rate Mortgages,” Interest-Only Mortgages,” and “Subprime Mortgages.” Also, discuss whether you believe Subprime Mortgages are unethical from a Christian perspective, giving your reasons
(797 words)