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Author Question: Which of the following is nottrue concerning adjustable rate mortgages (ARMs)? (Read 37 times)

cagreen833

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Which of the following is 
not true concerning adjustable rate mortgages (ARMs)?


◦ There is usually a limit on how much a rate may increase per year.
◦ There is usually no limit on how much a rate may increase per year.
◦ There is usually a limit on how much a rate may increase over the life of the loan.
◦ The maximum increase over the life of the loan is usually 5%.


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Marked as best answer by cagreen833 on Apr 14, 2019

ErinKing

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cagreen833

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Reply 2 on: Apr 14, 2019
Thanks for the timely response, appreciate it


olderstudent

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Reply 3 on: Yesterday
Wow, this really help

 

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