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Question 266 - CTFA discussion

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Two-step ARM is an adjustable rate mortgage with just two interest rates. One for the first ________ years of the loan and the higher one for the remaining term of the loan:

A.
5 years
Answers
A.
5 years
B.
6 years
Answers
B.
6 years
C.
5 to 7 years
Answers
C.
5 to 7 years
D.
3 years
Answers
D.
3 years
Suggested answer: C
asked 16/09/2024
Chad Clark
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