Adjustable Rate Mortgage

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ADDITIONAL INFORMATION

Description Details
Adjustable Rate Mortgage (ARM) Ideal for borrowers who initially prefer a lower monthly payment and do not plan on owning the home more than 3–5 years.
  • Interest rates can change periodically (usually in relation to an index)
  • Beginning interest is considerably lower than a fixed rate loan
  • Payments will adjust up or down along with interest rates
  • Several rate adjustment terms available