Elizabethtienna Elizabethtienna

17-11-2021
Law

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What risk does a borrower take with a adjustable rate mortgage loan?

Respuesta :

s20109293775 s20109293775

18-11-2021

Answer:

One of the biggest risks ARM borrowers face is when the monthly mortgage payment rises substantially because of the rate adjustment.

This could cause hardship on the borrower's part if they can’t afford to make the new payment.

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