Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-I was offered a 30-year mortgage at a fixed rate of 8% or an adjustable rate mortgage that
starts at 6% for the first year. The ARM has no rate cap, but I will take that one anyway
because it doesn't look like interest rates will be going up any time soon.

Question

Quizplus · Accepted Answer

The Answer of Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-I was offered a 30-year mortgage at a fixed rate of 8% or an adjustable rate mortgage that
starts at 6% for the first year. The ARM has no rate cap, but I will take that one anyway
because it doesn't look like interest rates will be going up any time soon.

Write the Word or Phrase That Best Completes Each Statement