The Rate Cap on an ARM Sets a Dollar Limit

question 202

True/False

The rate cap on an ARM sets a dollar limit on how much your monthly payment can increase during any adjustment period.

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Definitions:

Borderline Personality Disorder

A mental disorder characterized by unstable moods, behavior, and relationships.

Cognitive-Behavioral Therapy

A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.

Progress

Forward or onward movement towards a goal, often in the context of recovery or development.

Grams

A metric unit of mass equal to one thousandth of a kilogram, commonly used to measure small quantities of material.