-Assuming Janice and Ronald are willing to accept the higher risk of the loan 4 adjustable-rate mortgage (ARM) ,what is the highest possible interest rate they would be paying after three years?

Question

-Assuming Janice and Ronald are willing to accept the higher risk of the loan 4 adjustable-rate mortgage (ARM),what is the highest possible interest rate they would be paying after three years?

Quizplus · Accepted Answer

The highest possible interest rate after three years for an adjustable-rate mortgage (ARM) would depend on the initial rate, the index it's tied to, the margin, and the caps on how much the rate can adjust. Without specific details on these factors, it's challenging to determine the exact rate. However, given the options, the highest possible rate listed (7.75 percent) is chosen based on the assumption that the question implies looking for the maximum potential rate within the provided choices.

-Assuming Janice and Ronald Are Willing to Accept the Higher