IDNLearn.com: Where your questions are met with thoughtful and precise answers. Discover the information you need quickly and easily with our reliable and thorough Q&A platform.
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 value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.
