Question

5 Points
You are considering a 7/1 ARM. What does the 1 represent?
O
A. The number of years that a fixed interest rate will be applied to the
loan
O
B. The number of years between adjustments in the interest rate
O
C. The interest rate of the initial, fixed-rate loan period
O
D. The total number of years in the loan
SUBMIT

Answer 1

Answer:

Your correct answer B. The number of years between adjustments in the interest rate

Step-by-step explanation:

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