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What may be a concern if you have an adjustable rate mortgage (ARM)?

User Domakas
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1 Answer

6 votes

Answer:

A.) After the initial fixed-rate period, your rate may increase.

Explanation:

Due to the rate being adjustable, you may be forced to pay more than what you had originally hoped for after the fixed-rate period. This tends to usually be negative for you since you will have to pay more money, but will help you pay off the debt faster.

User Murkantilism
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