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Q: Which of the following statements is true of adjustable-rate mortgages? A. They cannot be converted to fixed-rate loans. B. They generally carry higher initial interest rates than conventional
mortgages. C. There is no limit as the amount of payment change on an ARM. D. The interest rate changes on ARMs are limited per year and per lifetime
A: B. The interest rate changes on ARMs are limited per year and per lifetime
IfNotSo|Points 6719|
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Asked 12/17/2010 6:39:58 PM
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