3 years ago

Which is true of an adjustable rate mortgage?

2 answers:

7 0

An adjustable rate mortgage is adjusted rate of interest depending on market situations.

The rate of interest may vary , totally depends on the market value of that agency or company or the financial agency which is providing the mortgage money at certain rate.

So, option (B) the interest rate may change depending on the condition of the economy is true statement regarding adjustable rate mortgage.

Leni [432]3 years ago

4 0

The answer for this question is B

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