Adjustable Rate Mortgage Loans & Lenders | Fairways & First Team
Fairwaysfirstteam19 Nov, 2020Business
An Adjustable-Rate Mortgage (ARM) comes in many varieties. An ARM is a type of loan with an adjustable interest rate, typically 1, 3, 5, or 7 years. ARM interest rates tend to be lower than some of the longer fixed-rate loans. Once your adjustable-rate term ends, your interest rate will increase each year.
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