Which of these describes how a 5/1 ARM mortgage works?


The annual fees on the mortgage are only charged during the first five years of the loan.


The interest rate charged on the mortgage is five times the normal interest rate.


The interest rate is fixed for five years and then changes every year afterward.


The monthly payment is one-fifth of the total purchase price of the house.

Answers

Answer 1

Answer:

The interest rate is fixed for five years and then changes every year afterward.

Explanation:

ARM stands for Adjustable Rate Mortgage. This is the only answer that discusses a taste that adjusts.


Related Questions

Select the tasks that would be performed by an information systems graduate.
data mining
forest management
software design
automotive design
construction planning
mainframe operations

Answers

Pretty sure it’s software design

write the sentences correctly observing punctuatin and capitalization.
1. jose and rosa are helpful children___________________________
2. i like to plant vegetables___________________________
3. the pipils study so well_____________________________
4. my mother takes care of me_____________________________
5. we eat healthy foods______________________________​

Answers

Answer:

1.  José and Rosa are helpful children.

2.  I like to plant vegetables.

3.  The pupils study so well.  

4.  My mother takes care of me.  

5.  We eat healthy foods.

Explanation:

The y -intercepts, P and Q, of two perpendicular lines

intersecting at the point A(6, 8) have a sum of zero. What is the

area of △APQ?
A) 45 B) 48 C) 54 D) 60 E) 72

Answers

Answer:

A) 45

Explanation:

1/2×b×h

1/2×6×8

1×6×4

=24+21=45

Answer:

D (60)

Explanation:

i go to rsm too lol

What are examples of Symbolic Speech?

Answers

Answer:

Symbolic speech consists of nonverbal, nonwritten forms of communication, such as flag burning, wearing arm bands, and burning of draft cards. It is generally protected by the First Amendment unless it causes a specific, direct threat to another individual or public orde

Explanation:

Public protests, such as sit-ins and marches.
Demonstrations.
Wearing buttons, armbands or other clothing items (such as t-shirts) that deliver a protest or other specific message.
Nudity.
Flag waving.
Flag burning.
Burning draft cards.

The difference of the product of 7 and w, and the quotient of 2 and v.

Answers

Answer:

(7 x w) - (2 ÷ v)

Explanation:

Using the keywords:

Product of

Quotient of

Difference of

We can identify the expression.

alice and her siblings are orphans as the head of the family she has raising her younger sister she has small part time jobs she sells vegetables and clean houses alice is worried because she does not earn money to pay for rent and for school fees for her younger sister help alice to solve her problem?

Answers

Answer:

Alice must search for a job with higher payment. A multiple job will also do but she must make sure that it's a legal job and she can do it or it fits her schedule. It's hard and she might get sick so do jobs unintentionally to avoid sickness and do her job and collect money for her and for her siblings

Explanation:

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