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A borrower takes out a 30-year adjustable rate mortgage loan for$300,000 with monthly payments. The first two years of the loanhave a teaser rate of

A borrower takes out a 30-year adjustable rate mortgage loan for$300,000 with monthly payments. The first two years of the loanhave a "teaser" rate of 4%, after that, the rate can reset with a1% an 2 answers

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