Birdwatch Note Rating
2023-07-12 08:15:45 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 061D2A9010B0E275F18862FE3CF51B3875CB4CEE5989AFA99CEC47DC822DE8E2
Participant Details
Original Note:
Mortgage payments can change year to year for a number of factors such as property tax and insurance increases. Mortgages such as ARM, as opposed to fixed, increase year to year as interest rates increase if the set time of the ARM has passed (i.e. 10/1 is fixed for 10 years) https://www.investopedia.com/mortgage/mortgage-rates/adjustable-rate-go-up/
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