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Business, 06.05.2020 08:33 duhfiywge8885

If a one-year adjustable-rate mortgage loan (ARM) is originally offered at 7% interest with "caps of 1 and 6," the interest rate cannot go above 8% at the first adjustment and no matter how hight the chosen index might rise, can never go above 11%. True/ False?

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If a one-year adjustable-rate mortgage loan (ARM) is originally offered at 7% interest with "caps of...
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