Which of the following is not true concerning adjustable rate mortgages (ARMs.?
A. The maximum increase over the life of the loan is usually 5%.
B. There is usually no limit on how much a rate may increase per year.
C. There is usually a limit on how much a rate may increase per year.
D. There is usually a limit on how much a rate may increase over the life of the loan
Answer: B. There is usually no limit on how much a rate may increase per year.
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A) judgment B) imagery C) salience D) performance E) resonance
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