Question

match the type of mortgage to its description.
a mortgage where the interest rate stays constant for the life of the loan
a mortgage where the interest rate changes periodically
a mortgage insured by the federal housing administration
mortgage available to veterans and their families
va loan
adjustable - rate mortgage
fixed - rate mortgage
fha loan

Explanation:

• VA loan: Defined as a mortgage available to veterans and their families, so match with "mortgage available to veterans and their families".
• Adjustable - rate mortgage: By definition, it is a mortgage where the interest rate changes periodically, so match with "a mortgage where the interest rate changes periodically".
• Fixed - rate mortgage: Its key feature is that the interest rate stays constant for the life of the loan, so match with "a mortgage where the interest rate stays constant for the life of the loan".
• FHA loan: It is a mortgage insured by the Federal Housing Administration, so match with "a mortgage insured by the Federal Housing Administration".

Answer:

• VA loan - mortgage available to veterans and their families
• adjustable - rate mortgage - a mortgage where the interest rate changes periodically
• fixed - rate mortgage - a mortgage where the interest rate stays constant for the life of the loan
• FHA loan - a mortgage insured by the Federal Housing Administration