Question

You are considering a 5/1 ARM. What does the 1 represent?

A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to the loan​

Answer 1

A. The number of years between adjustments in the interest rate

Step-by-step explanation:

Took the class

Answer 2

Step-by-step explanation:

The answer is A hope it helps