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bonufazy [111]
2 years ago
6

Which of these describes how a 5/1 ARM mortgage works?

SAT
1 answer:
Diano4ka-milaya [45]2 years ago
3 0

Answer:

The interest rate is fixed for five years and then changes every year afterward.

Explanation:

ARM stands for Adjustable Rate Mortgage. This is the only answer that discusses a taste that adjusts.

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