asked 232k views
1 vote
What may be a concern if you have an adjustable rate mortgage (ARM)?

asked
User Domakas
by
8.2k points

1 Answer

6 votes

Answer:

A.) After the initial fixed-rate period, your rate may increase.

Explanation:

Due to the rate being adjustable, you may be forced to pay more than what you had originally hoped for after the fixed-rate period. This tends to usually be negative for you since you will have to pay more money, but will help you pay off the debt faster.

answered
User Murkantilism
by
7.8k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.