A common feature of an adjustable rate mortgage (ARM) is
A) the interest rate is fixed for a maximum of five years
B) there is negative amortization if rates decrease
C) a rate cap on the amount the rate may increase
D) automatic conversion to a fixed-rate loan
Answer: C) a rate cap on the amount the rate may increase
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A) have a low purchase amount B) recommend a brand or company to others C) have a weak product preference D) have a high customer loyalty index E) have a high desire to repurchase
Reduction in trade barriers is associated with the emergence of ________
A) fragmentary monetary and fiscal policies across the borders B) regional economic integration blocs C) widespread violation of intellectual property rights law D) violation of GATT provisions