Concerning an adjustable rate loan, which of statements is false? A)
Concerning an adjustable rate loan, which of statements is false?
A)
Lenders are required to describe circumstances that will lead to rate changes.
B)
Lenders are required to provide examples of the payment changes that may occur.
C)
The APR will reflect the interest payments you will actually incur over the life of the mortgage.
D)
The APR will take into account the points on the loan.
ANSWER
C
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