Question

What is a lifetime cap?

O A. A limit on how many loans a person can acquire in his or her
lifetime
O B. A limit on how much an ARM's interest rate can change over the
life of a mortgage
O C. A limit on how many years a loan can be for
OD. A limit on a loan's initial interest rate
SUS​

Answer 1

B) A limit on how much an ARM'S interest rate can change over there

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