The conditions under which the adjustable rate mortgage is appropriate. Introduction: Adjustable rate mortgage refers to the interest rate that is supposed to change due to the change in the market interest rate during the mortgage term. It is called as flexible rate mortgage or variable rate mortgage.

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Chapter 9, Problem 9.4PQ5

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The conditions under which the adjustable rate mortgage is appropriate.

Introduction: Adjustable rate mortgage refers to the interest rate that is supposed to change due to the change in the market interest rate during the mortgage term. It is called as flexible rate mortgage or variable rate mortgage.

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