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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



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