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What is one characteristic of a hybrid ARM loan? A. An initial fixed rate followed by periodic rate adjustments B. A short duration, usually 5 years or less C. Must have a cosigner D. Used for vehicle
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What is one characteristic of a hybrid ARM loan?

A. An initial fixed rate followed by periodic rate adjustments
B. A short duration, usually 5 years or less
C. Must have a cosigner
D. Used for vehicle purchases only

User Arty
by
4.5k points

2 Answers

4 votes

Answer:

Hybrid ARMs

A hybrid ARM features an interest rate that is fixed for an initial period of time, then floats thereafter. The "hybrid" refers to the ARM's blend of fixed-rate and adjustable-rate characteristics.

Step-by-step explanation:

User Miles Libbey
by
4.9k points
3 votes

Answer:

a

Step-by-step explanation:

took the test

User Kirs Kringle
by
4.5k points
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