borrowers choosing an adjustable - rate mortgage\npay a higher interest rate during the first few…

borrowers choosing an adjustable - rate mortgage\npay a higher interest rate during the first few years.\nare often forced to sell their homes after the first year.\noften pay a lower interest rate during the first few years.\nagee to accept no risk when borrowing money.

borrowers choosing an adjustable - rate mortgage\npay a higher interest rate during the first few years.\nare often forced to sell their homes after the first year.\noften pay a lower interest rate during the first few years.\nagee to accept no risk when borrowing money.

Answer

Brief Explanations:

Adjustable - rate mortgages (ARMs) typically have lower initial interest rates to attract borrowers. These rates can adjust later based on market conditions. Borrowers do not pay higher initial rates, are not forced to sell after the first year, and accepting an ARM involves risk as rates can increase.

Answer:

often pay a lower interest rate during the first few years.