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4 June, 03:18

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

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  1. 4 June, 03:30
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    An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. With an adjustable-rate mortgage, the initial interest rate is fixed for a period of time.
  2. 4 June, 03:38
    0
    Oh boy I'm not sure I'm so sorry
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