Which Statement Best Describes an Adjustable Rate Mortgage

With an adjustable-rate loan your interest rate can change over the course of your loan after being locked-in for the initial term. Agency MBS Mortgage-backed securities MBS issued by US.

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Adjustable-rate mortgages ARMs Mortgages in which the interest rate is adjusted periodically according to a specific index.

. A good option for someone looking for a more affordable payment early on expecting an increase in their income or planning to only stay in the house for a few years. Choose ARM terms from 3 to 15 years.

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Fixed Rate Vs Adjustable Rate Mortgage Which Is Right For You Dandridge Realty Group