I want to know the answer to the following question:
Which type loan would the consumer be put into instead of the 1% or 1.5% interest rate loan as advertised?
All the background I'm provided with is that "Whereas the advertisement might state that 1% or 1.5% interest would be charged, the consumer would be put into an adjustable rate mortgage (ARM) in which the interest charged would be greater than the amount of interest paid.". Is that enough to answer the question?
Answer: yes