Question: Compared to a fixed rate mortgage ARM result in which of the following: I. Higher interest rate risk on the loan II . Lower initial

Compared to a fixed rate mortgage ARM result in which of the following:
I. Higher interest rate risk on the loan
II. Lower initial interest rates on the loan
III. The potential for higher interest rate on the loan
Question 31 options:
I, II, III
I, II
II, III
I, III
None of the above

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