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

Question

asked Apr 24, 2020 70.5k views

1 Answer

Sayyid · Answer 1 · 2020-04-29T03:28:14+0000

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