Business, 03.03.2020 06:05 mostman077

If you have an adjustable rate mortgage with an initial rate of 4 percent, an annual interest rate cap of 1 percentage point, and a lifetime cap of 5 percentage points, what is the maximum annual interest rate you could end up paying on the ARM?

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If you have an adjustable rate mortgage with an initial rate of 4 percent, an annual interest rate c...