Question
The 3 in the acronym a 3/1 ARM mortgage represents what? Group of answer choices The interest rate can rise no more than 3% after
The 3 in the acronym a 3/1 ARM mortgage represents what? Group of answer choices
The interest rate can rise no more than 3% after the initial fixed rate period
The interest rate is 3% The interest rate can rise no more than 3% over the life of the loan
The interest rate is fixed for the first 3 years
The interest rate can rise no more than one time every three years.
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Financial Ratio Analysis
Authors: Andrew P.C.
1st Edition
1973493381, 978-1973493389
