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

Kazuki Okamoto asked Dec 25, 2023

252,609 views

18 votes

Kazuki Okamoto asked Dec 25, 2023

2.6k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

4 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)

Davidjb answered Dec 30, 2023

3.4k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers