With the Recent Popularity of Adjustable-Rate Mortgages (ARM), Lenders Have

question 38

Multiple Choice

With the recent popularity of adjustable-rate mortgages (ARM) , lenders have begun to offer ARMs with different adjustment periods. Which of the following ARM choices will most likely have the highest initial rate?

• A) Three-year-one-year ARM
• B) Five-year-one-year ARM
• C) Seven-year-one-year ARM
• D) Ten-year-one-year ARM

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Definitions:

Transactional Analysis

A psychotherapeutic approach that examines interactions and transactions between people to understand their communication and behavior.

Telehealth

The delivery of health-related services and information via telecommunication technologies to support long-distance clinical health care and patient education.

Electronic Means

Methods or processes that involve the use of electronic devices or systems, such as computers or the internet.

Cognitive Therapies

Therapeutic approaches that focus on changing people’s maladaptive thought patterns.