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Kyle is considering a 7/1 ARM. What does 7 represent?
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Kyle is considering a 7/1 ARM. What does 7 represent?

User Darksmurf
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1 Answer

7 votes

Answer:

The number of years the fixed interest rate will be applied to the loan

Explanation:

I just guessed the answer was (The number of years the fixed interest rate will be applied to the loan)

User Nir Gavish
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3.5k points
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