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:

Operating Expenses

The costs associated with a company's main operational activities, excluding the cost of goods sold, interest, and taxes.

Income from Operations

The earnings generated from a company's core business operations, excluding any income from investments or other non-operational sources.

Net Sales

Revenue from sales after deducting returns, allowances for damaged goods, and discounts.