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Which of these describes what can happen with an ajustible-rate mortgage?
the montly mortgage payments go up or down from year to year.
Ask us of these describes what can happen with an adjustable-rate mortgage?
Excuse
What describes how a fixed-rate mortgage works?
The monthly payment on a fixed-rate mortgage never changes.
What describes an adjustable rate mortgage?
It is subject t changes in interest rates
What describes how a five-one ARM mortgage works?
In a 5/1 adjustable rate mortgage, the interest rate is fixed for five years and then changes every year afterward.
Which of these describes what can happen with an ajustible-rate mortgage?
the montly mortgage payments go up or down from year to year.
Ask us of these describes what can happen with an adjustable-rate mortgage?
Excuse
Describes what can happen with an adjustable-rate mortgage?
it is subject to changes in interest rates
What describes how a fixed-rate mortgage works?
The monthly payment on a fixed-rate mortgage never changes.
Which of these describes an adjustable rate mortgage?
it is subject to changes in interest rates.
What describes an adjustable rate mortgage?
It is subject t changes in interest rates
What can happen with an adjustable-rate mortgage?
The monthly mortgage payments go up or down from year to year.
What describes how a five-one ARM mortgage works?
In a 5/1 adjustable rate mortgage, the interest rate is fixed for five years and then changes every year afterward.
Which of these describes how a five or one ARM mortgage works?
The interest rate is fixed for five years and then changes every year afterward describes how a five or one arm mortgage works.
What describes how a fixed rate mortgage works?
A fixed rate mortgage is a loan to buy a house and/or property in which the interest rate charged is 'fixed' or does not change. For instance, if you take out a 30-year fixed rate mortgage, you will have the same interest rate for the first payment as you will for the last payment, 30 years later.
What best describes what can happen with an adjustable rate mortgage?
Adjustable rate mortgages or ARMs as it is abbreviated, have the payments due to the ( most cases a bank ) fluctuate. The normal ARM is changed once a year based on interest rates, particularly mortgage interest rates. Most ARMs I know about limit the rate of change to 2 percentage points up or down.
Can you refinance an adjustable rate mortgage?
Yes, you can refinance an adjustable rate mortgage by converting it to a fixed rate mortgage or by refinancing to another adjustable rate mortgage with more favorable terms.
