Which of the following is the correct definition of payment shock? O A. A homeowner has difficulty paying the initial monthly payments

Question

Which of the following is the correct definition of payment shock?
O A. A homeowner has difficulty paying the initial monthly payments
on an ARM.
B. The new payment after the initial fixed-rate period is much higher
than the homeowner expected.
C. A homeowner pays more than required on his or her monthly
mortgage payments.
D. A homeowner is unwilling to make payments.

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Calantha 3 years 2021-09-04T09:49:29+00:00 2 Answers 236 views 0

Answers ( )

    2
    2021-09-04T09:51:02+00:00

    Answer: B

    Step-by-step explanation:

    a.p.e.x

    0
    2021-09-04T09:51:04+00:00

    It’s prolly D. Homosapian is un Willy wanka to give us the stacks

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