IDNLearn.com makes it easy to find accurate answers to your questions. Ask your questions and receive detailed and reliable answers from our experienced and knowledgeable community members.
You are considering a 5/1 ARM. What does the 1 represent?
A. The total number of years of the loan
B. The number of years that a fixed interest rate will be applied to the loan
C. The number of years between adjustments in the interest rate
D. The interest rate of the initial fixed-rate loan period
We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Find the answers you need at IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.
