Question

Borrowers choosing an adjustable-rate mortgage

a) pay a higher interest rate during the first few years.
b) are often forced to sell their homes after the first year.
c) often pay a lower interest rate during the first few years.
d) agree to accept no risk when borrowing money.
HURRY PLEASE IM TIMED!!!

Answer 1

Answer: a) pay a higher interest rate during the first few years.

Step-by-step explanation:

When someone borrows money, the bank will charge them a higher interest rate at first to ensure they pay on time and can be trusted.

Answer 2

Step-by-step explanation:

The answer c mamas

Hope it Helps!

~Dede~