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A borrower takes out a 18-year adjustable rate mortgage loan for$306002 with monthly payments. The first two years of the loan havea teaser rate of

A borrower takes out a 18-year adjustable rate mortgage loan for$306002 with monthly payments. The first two years of the loan havea "teaser" rate of 4%, after that, the rate can reset with a 2%ann 2 answers

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