In the context of housing, what is an ARM?
A mortgage with equal payments per period
A mortgage with high initial payments, offset by significantly lower payments later
A mortgage with low initial payments, offset by significantly higher payments later
A mortgage with no initial payments, offset by significantly high payments later
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Sunday 3 March 2013
In the context of housing, what is an ARM? A mortgage with equal payments per period A mortgage with high initial payments, offset by significantly lower payments later A mortgage with low initial payments, offset by significantly higher payments later A mortgage with no initial payments, offset by significantly high payments later
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