Birdwatch Note Rating
2023-07-12 10:35:17 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 2D6768CCB265A152C96046DB63C59B6D87E372D5BE5513D257BF6AB74498BB4E
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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