California Real Estate Test
Real Estate Principles Test
Chapter 12: Mortgage Loan Applications
Question 425: How does a hybrid ARM loan differ from other mortgage loans?
A. Adjustable for 30 years.
B. Fixed for 30 years.
C. Highly leveraged loans.
D. A combination of fixed and adjustable rates during the loan term.
Correct answer is D. A combination of fixed and adjustable rates during the loan term.
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