Question: Question 1 0 The most important difference between a fixed rate mortgage and an adjustable rate mortgage is: Whether the lender or the borrower is
Question
The most important difference between a fixed rate mortgage and an adjustable rate mortgage is:
Whether the lender or the borrower is taking the "interest rate risk"
Whether the lender or the borrower is taking the "default risk"
The typical loan maturity
There is no significant difference
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