Kyle is considering a 7/1 ARM. What does 7 represent?

Question

asked Dec 4, 2023 106k views

1 Answer

Nir Gavish · Answer 1 · 2023-12-08T20:14:24+0000

Answer:

The number of years the fixed interest rate will be applied to the loan

Explanation:

I just guessed the answer was (The number of years the fixed interest rate will be applied to the loan)