Which of these loan options is strongly recommended for the first time buyers? Choose ALL that apply. A). Adjustable-rate B). Contract for deed C). Ballon D). Fixed rate E). Interest only Lenders...

Which of these loan options is strongly recommended for the first time buyers? Choose ALL that apply.

A). Adjustable-rate

B). Contract for deed

C). Ballon

D). Fixed rate

E). Interest only

Lenders usually wants to see 12-18 months of positive credit history (Low balances, no late or missed payment, etc) before approving you for a mortagage. TRUE or FALSE.