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What does "ARM" stand for? A. Adjustable-rate mortgage B. Advised mortgage rate C. Adjusted-rate mortgage D. Amortized real mortgage 2b2t
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What does "ARM" stand for? A. Adjustable-rate mortgage B. Advised mortgage rate C. Adjusted-rate mortgage D. Amortized real mortgage

2b2t

User Crash
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1 Answer

2 votes

Answer:

A. Adjustable-rate mortgage

Step-by-step explanation:

An Adjustable-rate mortgage in which the interest rate applied on the out standing balance varies throughout the life of the loan

User Sayyid
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