The Floor of an ARM Is the Maximum Reduction of Payments

question 2

True/False

The floor of an ARM is the maximum reduction of payments or interest rates allowed.

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Definitions:

Somniloquy

The act of talking during sleep, commonly referred to as sleep talking.

Somnambulism

A sleep disorder causing people to walk or perform other complex behaviors while asleep.

Narcolepsy

A chronic sleep disorder characterized by overwhelming daytime drowsiness and sudden attacks of sleep.

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep, which can lead to health problems.