Main difference between a plam and an arm

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Reference no: EM131873667

PLAM and ARM:

a. What is the main difference between a PLAM and an ARM? Briefly explain.

b. Under which economic circumstances a PLAM type loan is greatly needed? Briefly explain.

c. What is the main difference between negatively amortized mortgage and reversed annuity mortgage?

Reference no: EM131873667

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