SAT College

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.
riskier than fixed-rate mortgages
Pros of Adjustable-Rate Mortgages Cons of Adjustable-Rate Mortgages
higher payments possible
lower interest rates possible
interest rates can be raised
low beginning interest rate

Answers

Answer 1

Adjustable-Rate Mortgages are home loans that have varying interest rates. Consistent payments and lower interest rates are possible are the pros of ARS.

What is ARM?

Adjustable-Rate Mortgages (ARM) is a loan that has been granted for homes and does not have fixed interest rates as it depends on the market. It is also called a variable-rate mortgage.

ARS mortgage type has a consistent payment mode that is convenient and lowers interest rates might be possible over time. But interest may increase which can be a possible disadvantage.

Therefore, payment in ARS may increase or decrease.

Learn more about ARS here:

https://brainly.com/question/12345275

#SPJ1

Answer 2

Answer: Pros

lower interest rates are possible

low beginning interest rate

cons

interest rates can be raised

riskier than fixed-rate mortgages

higher payments possible

Explanation: I was right on Edge

Related Questions

Why was the Bill of Rights added to the Constitution?

Answers

Answer:

as protection for those fearful of a strong national government.

Explanation:

Other Questions
Following the Civil War, what was the process by which southern states were readmitted to the Union? (20POINTS) I WILL MARK BRAINLIEST IMAGE IS BELOW Tom and Susan park at different lots. To see which lot is busier, they count the numbers of cars in the lots each day as they arrive. Their data are shown in the box plots. Image of a number line with box plot for Tom's data and a box plot for Susan's data Answer the questions to compare the variability of the data sets. 1. What is the interquartile range for Tom's data? Explain how you found the interquartile range. Write your answer in the space below. 2. What is the interquartile range for Susan's data? Write your answer in the space below. 3. Whose data are more variable? Write your answer in the space below. - What is h(-8) for h(x) =4F.-40G. -72H. -52J. -60-7x? PLEASE THIS IS OVERDUE BY TWO WEEKS I AM GIVING 50 POINTSIN THE HOBBITThink about an important symbol in the novel you are reading. Use that symbol to address the following points:What is the meaning of the symbol in the story?Identify a short passage that includes the symbol you selected.How does the symbol connect to the characters? (50 points) The points show the locations of different stores in a mall. Each unit represents 1 meter Which of the following is a characteristic of a balanced force?1) equal in size opposite in direction2) causes a change in the direction of an object3) causes a change in the motion of an object A 3 kg toy plane is attached to a 1.8 m string that it can be whirled around in a horizontal circle above the users head. If ones exerts a force of 10 N on the string, what speed should the plane have as it rotates How is the process similar and different to changes in manufacturing that took place during the Industrial Revolution? A wooden block is in the shape of a regular hexagonal pyramid. The lateral surface area of the pyramid is 450 square centimeters, and the pyramid has a slant height of 15 centimeters. What is the side length of the base? anyone help ill give 20 points to whoever helps within 20 minutes!!! When an ages array is correctly initialized using the values {20, 30, 40, 50}, then the value of ages[4] is _______________________. Find the GCF of each pair of monomials 10x and 25 The Empire State Building is just over 1,450 feet tall. In anticipation of visiting this landmark on your vacation, you create a model of it using blocks. a) Suppose you are making a model where one block represents 2 feet. About how many blocks tall is your model of the Empire State Building? What is the scale factor? find the value of each of the lettered angles in the diagram below Congressional districts that were redrawn to create districts where African Americans would elect Black members of Congress and were one of the results of the Civil Rights movement in the 1960s are called... O overrepresented districts O divided urban districts O majority-minority districts A drug dose that delivers 800 mg has a half-life of 5 hours. Identify how much drug will remain in the body after one half-life People who change history, in a big or a small way, need to be honored.AgreeDisagreeExplain why you voted the way you did. ___ drugs correct the level of specific hormones in the body.A. Analgesic B. Antibiotic C. Diuretic D. Endocrine what does the transfer feature in qbo do