Examlex

Solved

To Encourage Borrowers to Accept Adjustable Rate Mortgages (ARMs)rather Than

question 13

Multiple Choice

To encourage borrowers to accept adjustable rate mortgages (ARMs) rather than level-payment mortgages,mortgage originators generally offer an initial short-term introductory rate that is less than the prevailing market mortgage rate.This rate is referred to as a(n) :


Definitions:

Related Questions