On an adjustable-rate mortgage, do borrowers always prefer smaller (tighter) rate caps that limit the amount the contract interest rate can increase in any given
On an adjustable-rate mortgage, do borrowers always prefer smaller (tighter) rate caps that limit the amount the contract interest rate can increase in any given year or over the life of the loan? Explain why or why not.
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Authors: Robert D. Edwards, John Magee
6th Edition
1599180219, 978-0139043437
