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Pros and Cons of Adjustable-Rate Mortgages
An adjustable-rate mortgage (ARM) is another common type of mortgage. Determine whether each factor is a pro or
a con of an ARM, and place it in the correct category.
Pros of Adjustable-Rate Mortgages
Cons of Adjustable-Rate Mortgages
lower interest rates possible
riskier than fixed-rate mortgages
low beginning interest rate
interest rates can be raised
higher payments possible
Correct!

Respuesta :

The pros and cons of the Adjustable-Rate Mortgages are consistent payments and lower interest rates possible.

What is Mortgage?

Mortgage refers to the agreement between the lender and the buyer which involves the exchange of the money.

When person and a lender enter into a mortgage, the lender is granted the power to seize your property if person are unable to pay back the loan amount plus interest. Mortgage loans are used to either purchase a home or borrow against an existing home's worth.

Adjustable-Rate Mortgages is the loan which is granted for the homes which depends on the market as it does not has the fixed rate of interest.

The ARS mortgage type offers comfortable consistent payments, and over time, reduced interest rates may be feasible. However, there is a chance that interest will grow, which could be a drawback.

Learn more  about Adjustable-Rate Mortgages here:

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