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Georgia [21]
3 years ago
8

Which statement is true of an adjustable rate mortgage?

Business
1 answer:
DerKrebs [107]3 years ago
3 0
The answer is B. Adjustable rate mortgage is a mortgage loan where the interest rate stays for for a certain period of time then it changes either up or down based on an index. It is also called variable-rate mortgage or tracker mortgage. This type of mortgage loan permits a debtor to have a lower initial payment if and only if they agree to assume the risk of the changes in the interest rate.<span>
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