Birdwatch Note Rating
2023-07-12 11:43:16 UTC - NOT_HELPFUL
Rated by Participant: 8AF5F65C2A37F11EBA7D459FBFE2448D162EF72DD2E40897655364BD3EF56C52
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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