Birdwatch Note Rating
2023-07-12 05:23:10 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 68E839AB3359BA143DCA0B1C88B412EC2F5C88434A8AC9117C07644B19B080A6
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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