If one of the terms of an ARM read, interest is capped at 2%/5%, what would that mean? Multiple Choice The borrower can choose the cap he wants by simply circling the appropriate choice The Interest rate has a 2% annual cap rate and a 5% lifetime cap rate The Interest rate has a 5% annual cap rate and a 2% lifetime cap rate The Interest rate has a 2% annual cap rate and a 5% floor cap rate Which of the following clauses leads to higher risk for an ARMs lender? Multiple Choice Negative amortization is not allowed when Interest is not covered by the payment due to a payment cap There is a floor for payments. Adjustment interval is longer than one year All of the above