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An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that the monthly payments can go up or down. This means that the monthly payments.
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What's the Difference Between Fixed-Rate and Adjustable-Rate. – What’s the Difference Between Fixed-Rate and Adjustable-Rate Mortgages? Debt Consolidation vs. Debt Restructuring: Which Option Is Best for You? How to Choose Between a Peer-To-Peer Lending or Traditional Loan
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Structured Adjustable-Rate Mortgage Loans (SARMs) – The term of the initial interest rate cap need not be equal to the term of the Mortgage Loan, but must be for at least 5 years. If the Mortgage Loan term is longer than the interest rate cap term, the Borrower must escrow monthly for the purchase of the next interest rate cap.
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An adjustable-rate mortgage, or ARM, has an introductory interest rate that lasts a set period of time and adjusts annually thereafter for the remaining time period. After the set time period your interest rate will change and so will your monthly payment.
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