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Risk of buying with a lower-cost adjustable-rate loan

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Reference no: EM132219864

Adjustable-rate mortgages often start out low and then "adjust" to a higher rate after a few years. Fixed-rate mortgages are guaranteed to stay at the same rate over the life of the loan, but are usually more highly priced.Would you take the risk of buying with a lower-cost adjustable-rate loan? Why or why not?

Reference no: EM132219864

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