Birdwatch Note Rating
2023-07-12 18:04:01 UTC - HELPFUL
Rated by Participant: 2A0ECCB38C0B6A9286E4EF95EF6CEFC3A7D8D09E5583D31E9EA527C09BECD5AF
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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