Finance
A Wisconsin adjustable-rate mortgage (ARM) is characterized by:
AA fixed monthly payment for the life of the loan
BAn interest rate that can change periodically based on an index✓ Correct
CGovernment backing by FHA or VA
DNo origination fees
Explanation
An adjustable-rate mortgage has an interest rate that adjusts periodically (e.g., annually) based on a market index, which can cause the monthly payment to rise or fall.
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