true or false The purpose of a rate cap in an adjustable rate mortgage is to limit the amount the payments can increase on the loan

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Asked 5/31/2013 8:25:26 PM

Updated 11/25/2018 11:42:25 PM

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User: true or false The purpose of a rate cap in an adjustable rate mortgage is to limit the amount the payments can increase on the loan

Question

Asked 5/31/2013 8:25:26 PM

Updated 11/25/2018 11:42:25 PM

1 Answer/Comment

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emdjay23

The purpose of a rate cap in an adjustable rate mortgage is to limit the amount the payments can increase on the loan. TRUE.

Added 11/25/2018 11:42:25 PM

This answer has been confirmed as correct and helpful.

Confirmed by matahari [11/26/2018 12:04:30 AM]

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true or false Many people believe that location is the most important factor to consider when selecting a home

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Updated 11/25/2018 11:39:59 PM

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emdjay23

Many people believe that location is the most important factor to consider when selecting a home. TRUE.

Added 11/25/2018 11:39:59 PM

This answer has been confirmed as correct and helpful.

Confirmed by matahari [11/26/2018 12:05:23 AM]

True or false: Qualifying for a mortgage is similar to obtaining other forms of credit.

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Updated 11/26/2018 12:03:09 AM

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emdjay23

Qualifying for a mortgage is similar to obtaining other forms of credit. TRUE.

Added 11/25/2018 11:46:44 PM

This answer has been confirmed as correct and helpful.

Confirmed by matahari [11/26/2018 12:03:00 AM]

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