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6 July, 09:20

What does "ARM" stand for? A. Adjustable-rate mortgage B. Advised mortgage rate C. Adjusted-rate mortgage D. Amortized real mortgage

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  1. 6 July, 13:10
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    A. Adjustable-rate mortgage

    Explanation:

    An Adjustable-rate mortgage in which the interest rate applied on the out standing balance varies throughout the life of the loan
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