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Which of the following statement about adjustable-rate mortgage is FALSE? Adjustable-rate mortgage has negative amortization because interest rate is adjusted periodically. Adjustable-rate mortgage has low
Which of the following statement about adjustable-rate mortgage is FALSE? Adjustable-rate mortgage has negative amortization because interest rate is adjusted periodically. Adjustable-rate mortgage has low initial interest rate and payments if interest rate is expected to increase. O Adjustable-rate mortgage can improve the affordability of borrower. O Adjustable-rate mortgage shifts the interest rate risk to the borrowers
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