Suppose your ARM allows conversion to a fixed$-$rate loan at each of the first five adjustment dates. Describe

circumstances under which you would want to convert.

Select all that apply.

A$.$ The rate of your ARM will increase significantly such that you can no longer afford the future payments.

B$.$ The fixed rate is lower than what the ARM rate will change to$.$

C$.$ The rate of your ARM is not going to change significantly and your payments will still be manageable.

D$.$ You want stability in knowing future payments.