You are considering a 5/1 ARM. What does the 5 represent?
O
A. The number of years that...
You are considering a 5/1 ARM. What does the 5 represent?
O
A. The number of years that a fixed interest rate will be applied to the
loan
O
B. The number of years between adjustments in the interest rate
O
C. The total number of years in the loan
O
D. The interest rate of the initial fixed-rate loan period
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