Since there is no limit on how much and how fast adjustable rate mortgages (ARMs) can increase, most homeowners are afraid to take out this kind of loan.

Name: Since there is no limit on how much and how fast adjustable rate mortgages (ARMs) can increase, most homeowners are afraid to take out this kind of loan.
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Question

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Adjustable Rate Mortgages (ARMs) often have caps that limit how much the interest rate or mortgage payments can increase, providing some protection to borrowers.

Since There Is No Limit on How Much and How