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Business, 29.02.2020 03:23 gracemartin4535

To encourage borrowers to accept adjustable rate mortgages (ARMs) rather than level-payment mortgages, mortgage originators generally offer an initial short-term introductory rate that is less than the prevailing market mortgage rate. This rate is referred to as a(n):

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To encourage borrowers to accept adjustable rate mortgages (ARMs) rather than level-payment mortgage...

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