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    Personal Finance Study Set 3
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    Exam 7: The Finances of Housing
  5. Question
    Variable Rate Mortgages with a Rate Cap Prevent the Borrower
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Variable Rate Mortgages with a Rate Cap Prevent the Borrower

Question 22

Question 22

True/False

Variable rate mortgages with a rate cap prevent the borrower from having to pay an interest rate significantly higher than the one in the original agreement.

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