Why would a borrower choose an adjustable-rate mortgage ARM instead of a fixed-rate mortgage?

Answers

Answer 1

Borrowers who want to leave their home before the fixed-rate portion of their ARM expires may find that adjustable-rate mortgages are a better choice than fixed-rate mortgages.

Why would a borrower opt for an ARM over a fixed rate loan?

ARMs often have lower beginning payments, but after the introductory rate period, those payments may increase. Those who intend to relocate or refinance their loan after a few years find them to be the best option. Since your monthly payments don't alter, fixed-rate loans are often more expensive up front but more predictable.

What circumstances make it more likely that an ARM would be a wiser decision than a fixed-rate mortgage?

If you plan to sell your house or pay off your mortgage in 10 years or fewer, an ARM can be worthwhile.

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Related Questions

Determine the sample size the research respondents. taht selected 142 out of 1975 ,a mathematical formula for the purpose of determining the sample size. n =z²σ² E²

Answers

Answer:

See Explanation

Explanation:

Given

[tex]N = 1975[/tex] --- Population

[tex]s = 142[/tex] --- Selected

Required

Determine the sample size (n) using: [tex]n = \frac{z^2\sigma^2}{E^2}[/tex]

This question is incomplete as the margin of error (E) and the z-score are not given.

To solve this question, I'll assume values for z and E.

Calculating [tex]\sigma^2[/tex]

This is calculated as:

[tex]\sigma^2 = N * p * (1 - p)[/tex]

Where

[tex]p = \frac{s}{N}[/tex]

[tex]p = \frac{142}{1975}[/tex]

[tex]p = 0.0719[/tex]

So, we have:

[tex]\sigma^2 = N * p * (1 - p)[/tex]

[tex]\sigma^2 = 1975 * 0.0719 * (1 - 0.0719)[/tex]

[tex]\sigma^2 = 131.79[/tex]

The formula: [tex]n = \frac{z^2\sigma^2}{E^2}[/tex] becomes

[tex]n = \frac{z^2 * 131.79}{E^2}[/tex]

Assumptions:

[tex]z = 1.96[/tex]

[tex]E = 10[/tex]

[tex]n = \frac{1.96^2 * 131.79}{10^2}[/tex]

[tex]n = \frac{3.8416 * 131.79}{100}[/tex]

[tex]n = 5.06[/tex]

Round up: [tex]n = 6[/tex]

If you could only eat one thing for the rest of your life, what would it be?

Answers

Answer:

Honestly, i would say in-n-out, no chili cheese fries

Explanation:

While recording the number of observed aggressive behaviors during recess, Sabrina records when Lexi trips another girl because it seemed to her to be aggressive even though the girls were playing a spirited game of kickball. However, Sabrina does not record when Juan trips another boy because it appears to be a part of what Sabrina views as typical rowdy play among boys. This is an example of observer _____, which is an example of a behavioral assessment error.

Answers

Answer:

Observer Bias

Explanation:

Observer Bias comes into play when an observer does not record all informations correctly or fully for a study. In this case the researcher may take abnormality from a group of subject for the study but fail to do same for all other groups.

In this question the bias comes into play because the same scenario played out between Lexi and Juan but Sabrina only recorded information for Lexi but left out Juan. She allowed her personal views to influence her data collection. This is what is meant by observer Bias.

My friend who i've been crushing on gave me a confession note. How would I respond?They seem like they wouldn't be a sweet person but they gave me this really heartfelt and sweet note. Any ideas?

Answers

well we gotta know what the note was about

Contrasting In what ways was the Eastern Roman Empire different from the Western Roman Empire?

Answers

Some main differences between the Eastern and Western Roman empires are that the main language of the Eastern Roman Empire was Greek, while the language of the Western Roman Empire was Latin, and that the Eastern Roman Empire was more cosmopolitan.

Hope that helps :)

Answer:

The Eastern Roman Empire's differences to the Western Empire can be defined by its numerous vast population centers and wealthiest cities such as Constantinople while the Western Roman Empire had less cities and more so small villages. Another can be that the common language of the Eastern Roman Empire was Greek while the common language in the Western Roman Empire was Latin.  

Explanation:

How many British casualties were there at the battle?

Answers

What battle there’s many?

A object of mass 150 kg is moving with a speed of 4 m/s. What is the kinetic energy of
the vehicle?

Answers

Answer:

kinetic energy =mv square / 2

Explanation:

therefore 150*4/2

300

Answer:

kinetic energy= mv square/2

Explanation:

therefore 150* 4/2

300

Please please no links please please I really need it please no links please I beg you.

What evidence would you offer other teenagers about finding a service job they will like? why?

Please 5 complete sentences

Answers

Teenagers who volunteer for service jobs gain many skills and knowledge from doing a service job. Research has shown that teens who engage in community service are more responsible than teens who dont. They have  higher self-esteem and resilience. Volunteering helps  teens gain new skills that they will possibly need for future jobs. Some skills they might learn include leadership, communication skills, dependability, time management, and decision making. Doing a service job can even introduce you to new ideas and jobs.

Which of the following people came from Michigan?
Muddy Waters
Henry Ford
Jane Addams
Gwendolyn Brooks

Answers

Answer:

Henry Ford

Explanation:

Answer:

Henry Ford

Explanation:

PLEASE HELP
What are the pros and cons of a dictator/ absolute monarch.

Answers

Answer:

pros

Security levels are high

can save people a lot of money (elections are pretty expensive)

could provide more stablility

cons

dictators can rewrite laws anytime they want

can target innocent people or groups

in some and most cases you can't oppose to what the dictator says

personal rights might be restricted (in a democracy you can say what you want but in a dictatorship you can't exactly do that)

really hope this helps someway!

Mention two successful (prominent) entrepreneurs in South Africa​

Answers

Patrick Soon-Shiong and Ivan Glasenberg

what recommendations could you give to address gender based violence in your workplace​

Answers

Make sure you are educated on the topic and then make sure to stand up and let your voice be heard.

Hopefully that helps...

How did political actions and social activists increase tensions in the United
States from 1820 - 1860?
Area of Focus for the Week:
Monday: Write an introduction paragraph (thesis and context)
Tuesday: Write 3 body paragraphs using this format (claim, evidence &
analysis)
Wednesday: Write a conclusion paragraph (Use a sentence starter such as
“In conclusion...)
Thursday: Revise, edit and add in outside sources

Answers

Answer:

Your readers—especially your instructors—want to read writing that engages them. Consequently, you must write thesis statements that are arguable, not factual. Statements of fact seem easy to write about because, well, they are easy to prove. After all, they’re facts. The problem is that you cannot write engaging papers around statements of fact. Such theses prevent you from demonstrating critical thinking and analytical skills, which you want to show your instructor. If you were to write a paper around the next two statements, your writing would probably be quite dull because you would be restating facts that the general public already knows.

Explanation:


Why is it important to have judicial diversity?

Answers

A more diverse judiciary would increase public confidence and gain greater support from its citizen. ... Increasing the number of women and ethnic minorities in the judicial system, would also encourage people from different groups to aspire to become judges.

Will give brainiest if correct


The Emancipation Proclamation essentially freed the slaves. Name 2 ways that freeing the slaves affect the southern states? (think about social, political, and economic)

Answers

Answer:

I got you

Explanation:

2. How did Empress Suiko and Prince Shotoku come to power?

Answers

Answer:

Terms in this set (20) 19.2 How did Empress Suiko and Prince Shotoku come to power? -when their uji family became powerful enough to loosely control all of Japan (example= Prince Shotoku was regent under Empress Suiko.) ... 19.6 Describe Japan's language before it was influenced by countries on the mainland.

Explanation:

This is from the internet n    i needed  help as well

based on the pic above,what do the bread and the wine signify?​

Answers

Answer:

The Bread and Wine signifies the Body And Blood Of Jesus Christ.

The family
sub - topic : functions of the family - social and Biological.

1. What are Two other agent of socialization beside the family?

2.Explain one way in which socialization is important to society as a whole.​

Answers

Answer:

1. Religion and Educational institution

2. It helps to control human behaivour

how does climate affect the civilization

Answers

Answer:

climate depends on where you are and how you can adapt to it, snow makes it impossible to grow crops, to much hot weather can kill crops, water can help whether you live by a river, it rains a lot or something else.

Explanation:

sorry if this isn't exactly what you were looking for

Explain the difference between a domestic tourist and an international one.

Answers

Answer:

The difference between a domestic tourist and an international one is domestic tourism refers more to visits basically within that specific country, However, international tourism refers to movement of people and from one country to another country for a holiday.

what is one major tool the united states uses to carryout out its foreign goals

Answers

Answer: Using the military to protect U.S. interests

Explanation:

A P 3 X <3

What are Industrial regions in South Asia?

Answers

The four Asian regions — Hong Kong, Taiwan, South Korea and Singapore are notable for their industrial production.

Which term refers to showing more white people than people of color on television and in movies?
A. White superiority
B. White imperialism
C. Whitewashed
D. White privilege

Answers

I feel like it’d be white imperialism

Answer: B: White Washed

Explanation:

Rearrange the events in the correct order. Place the first event to happen at the top and the last event at the bottom.

A cash crop and an alliance save the colony.

The Virginia Company sells shares to set up another colony.

The House of Burgesses sets up representative government.

The colony at Roanoke fails.

Answers

Roanoke
The house of Burgesses
The virginia company sells
Cash crops

Help please no websites
Brainliest

Answers

Answer:

South Carolina

Explanation:

You know that our bones help us move around our skeletal system has serval important functions besides movement what is another of our skeletal system functions

Answers

Answer:

The spine is also a helpful bone of the skeletal system.

Explanation:

The spine gives the body structure and support. It allows the body to  bend freely with the flexibility it provides. It also has nerves that connect to the brain allowing the brain to send signals to your body to move any part of it.

Answer:A

Explanation:

breathe is NO helping the function of the skeletal system? the others yes,for move you need the bones and also for protect and bosy support.

The three democratic principles of accountability?​

Answers

Answer:

accountability, transparency, participation

Explanation:

Which right did the English Bill of Rights provide? Text to speech
a
to petition the king
b
to determine national holidays
c
to choose punishments for crimes
d
to choose the kind of school children would attend

Answers

its c

an act of parliament made The English bill of Rights to be forced upon Mary and William of Orange one the crown was passed down to them. it restarted the traditional rights of the english citizens in trial by jury and abolished the cruelty, fines, and unjust PUNISHMENT.

to petition the king I think

PLzzz i need serious help plz

Which does not describe normal sinus mucous?
inflammed
moist
pink

Answers

Answer: Pink
Explanation:

Answer:

B) Inflamed

Explanation:

I took the quiz and got it right.

The only people who step foot on Antarctica are visitors and researchers who stay
for a given time.
True
False
ASAP!!!!!!!

Answers

ANSWER: uh yehh because basically when you know because it happened and also yeah. yes

True

The only people who step foot on Antarctica are visitors and researchers who stay for a given time.

Other Questions
Pls helpppp pls. Help How can you identify which organisms belong in which kingdom? Specifically, how can youtell if it is a plant or an animal? Describe the "fear apparel" and how it's used public health messaging. Give an example or create your own public health message using the fear apparel 1. Pick ONE to explain: The Missouri Compromise OR theCompromise of 1850. What was it? What did it *try to solve?2. Your opinion: Do you think compromises work? In government? Inlife?3. Explain: Who was Dred Scot? What were the results of his SupremeCourt Case? The following sequence is arithmetic. Fill in the missing terms. 12 , ? , ? , ? , 18, ? ... Solve the following exponential equation. Round to the nearest thousandth place (3 decimal places) 5^3x+7 =311 what is the figurative language for "float like a butterfly sting like a bee?" Based on this information, which hypothesis best predicts how a change to the gene could affect people who do not produce enough lactase? A newspaper article indicated that 43 percent of cars with black seats are white, 46 percent of cars with black seats are blue, 7 percent of cars with black seats are red, and 4 percent of cars with black seats are black. A test was conducted to investigate whether the color of cars with black seats was consistent with the newspaper article. A random sample of cars of these colors was selected, and the value of the chi-square test statistic was x = 8.2. Which of the following represents the p-value for the test? A) P(x2 8.2) = 0.08 B) P(x2 8.2) = 0.04 C) P(x2 8.2) = 0.96 D) P (x2 = 8.2) = 0.00 E) The p-value cannot be calculated because the sample size is not given. find the volume of the cone Diameter:10 m and Height:10m Your class is studying recycling. On the one hand recycling can help protect the environment. On the other hand recycling is inconvenient and places an added burden on citizens. Do you feel that recycling should be required of all citizens? Why?Write an essay persuading your legislator to accept your recommendation on whether or not recycling should be mandatory.Which of the following is the quotation/statement?a. Write an essay persuading your legislator to accept your recommendation on whether or not recycling should be mandatory.b. Your class is studying recycling. On the one hand recycling can help protect the environment.c. On the other hand recycling is inconvenient and places an added burden on citizens. Do you feel that recycling should be required of citizens? Why?Please select the best answer from the choices provided. a line has a slope of 1 and 1 and a y-intercept of -15. what is its equation in slope intercept 6 How did the Second Amendment explain the right to carry guns? this is my second time posting this btwBig cities were dangerous.States had volunteer armies.People needed to fight duels.The police were too strong. PHYSICS HELPPLEASE HELP ITS ABOUT ATWOOD MACHINES A bus traveled 330 miles between two cities. If the bus traveled for 6 hours, howmany miles did the bus travel per hour? Freshman, sophomore, junior, and senior students at a high school will be surveyed regarding a potential increase in the extracurricular student activities fee. There are three possible responses to the survey question - agree with the increase, do not agree with the increase, or no opinion. A chi-square test will be conducted to determine whether the response to this question is independent of the class in which the student is a member. How many degrees of freedom should the chi-square test have Name the function of the underlined section in this sentence. Lorenzo reads at a rate of 45 words per minute. If he reads at a constant rate, how many words can he read in 6 minutes? Name some endemic species? What's negative 4 times p