List Three Ways in Which a Change in the Rate

question 13

Essay

List three ways in which a change in the rate of an adjustable-rate mortgage can affect the borrower's mortgage.

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Definitions:

Dialectical Tension

Tension arising from a person’s need for two things at the same time.

Disclose Information

To make previously unknown or confidential information known to others.

Privacy

The right of individuals to keep personal information confidential and to control who has access to it.

Relational Escalation

The process by which interpersonal relationships become closer and more intimate over time.