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shepherd shepherd
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Posts: 2986
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8 years ago
The initial rate on an ARM will typically be
A) relatively high to allow the bank to recoup costs.
B) about the same as a fixed rate loan on the same maturity.
C) relatively low to benefit the homeowner.
D) set by state law.
Textbook 
Personal Finance

Personal Finance


Edition: 5th
Author:
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tityltityl
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#1
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8 years ago
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shepherd Author
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#2
8 years ago
Exactly what I wanted!
wrote...
#3
8 years ago
Happy to help Slight SmileSlight Smile
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