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That's interesting. Generally those would be called Adjustable-Rate Mortgages in the US and they are seen as pretty toxic. A major cause of the 07-08 crash can
by adamsmith143 5y ago
That's interesting. Generally those would be called Adjustable-Rate Mortgages in the US and they are seen as pretty toxic. A major cause of the 07-08 crash can be attributed to those loans and their rates suddenly skyrocketing over a short period of time to the point that millions could no longer afford their monthly payments and defaulted.