Birdwatch Note Rating
2023-07-12 08:26:09 UTC - SOMEWHAT_HELPFUL
Rated by Participant: D982B5F8DF3DF2B18D66DA896FDD83FFAF7B9B547A05819D18BFD15EE9C2DFA8
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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