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What is an Adjustable Rate Mortgage?

     An Adjustable Rate Mortgage or "ARM" is a loan that changes it's payments based on the current interest rates. This puts the burden of fluctuating economies on the buyer, but may aid you in the fact that interest rates go down just as well as they go up.


[ Can I Get Financing for a Government Owned Home? ] [ What If I Filed Bankruptcy? ] [ Am I Eligible For Financing A Home? ] [ Where Do I Go to Get a Mortgage Loan? ] [ What's a Conventional Mortgage? ] [ What is an Adjustable Rate Mortgage (ARM)? ] [ What Are the Benefits of an FHA Mortgage? ] [ What's so Great About VA Mortgages? ] [ Who Qualifies For a VA Mortgage? ] [ What's the Difference Between a Lease Option and a Land Contract? ] [ What is a Balloon Mortgage? ] [ What Should I Bring When I Apply? ] [ "When I Apply, What Helps Me, and What Hurts Me?" ]

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