American_Bankers_Association
CTFA · Question #230
CTFA Question #230: Real Exam Question with Answer & Explanation
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Question
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:
Options
- A5 years
- B6 years
- C5 to 7 years
- D3 years
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