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A Guide to Adjustable Rate Mortgage Loans

A Guide To Adjustable Rate Mortgage Loans An effective tool used by home buyers, ARM or Adjustable Rate Mortgages, offers a lower interest rate at the beginning of the loan with the risk of a hike in rates shared by the borrower and lender.An ARM is ideal if you are certain about rising income expectations and short-term home ownership. There are four basic aspects. One is that the initial interest rate is fixed 1-3 percentage points lower than fixed rate mortgages. Secondly, there is what is known as adjustment interval, when after the initial fixed rate period has elapsed and the rate is mo...

April 7th, 2016 | ARMs, A Guide to Adjustable Rate Mortgage Loans

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