A mortgage with high initial payments, offset by significantly lower - 15481

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yousafbhutta

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  • Posted on: Sun 03 Mar, 2013
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In the context of housing, what is an ARM?
 
A mortgage with equal payments per period
 
A mortgage with high initial payments, offset by significantly lower payments later
 
A mortgage with low initial payments, offset by significantly higher payments later
 
A mortgage with no initial payments, offset by significantly high payments later
                                       

Solution Description

 

In the context of housing, what is an ARM?