asked 92.0k views
4 votes
The main difference between a traditional mortgage and an ARM is the _____.

2 Answers

3 votes

Answer: Balloon mortgage does not adjust each period.

Step-by-step explanation:

answered
User Fadedreamz
by
8.6k points
3 votes
the interest rate with a mortgage is set when you take out a loan and won't change however with an arm the interest rate may go up or down
answered
User Parker Selbert
by
8.5k points

No related questions found