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

Kazuki Okamoto asked Dec 25, 2023

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Kazuki Okamoto asked Dec 25, 2023

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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

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