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Author Question: The initial rate on an ARM will typically be (Read 58 times)

mrsjacobs44

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The initial rate on an ARM will typically be


◦ relatively low, which benefits the homeowner.
◦ relatively high to allow the bank to recoup costs.
◦ about the same as a fixed rate loan on the same maturity.
◦ set by state law.


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Marked as best answer by mrsjacobs44 on Apr 14, 2019

jojobee318

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mrsjacobs44

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TY



jojobee318

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You're welcome



 

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