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1 November, 06:53

What type of home mortgage has payments that can change?

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  1. 1 November, 07:00
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    It really depends on what type of home equity loan you do and which instituion you do it. One Year ARMs. A mortgage loan in which the interest rate changes based on a specific schedule after a "fixed period" at the beginning of the loan, is called an adjustable rate mortgage or ARM. This type ofloan is considered to be riskier because the payment can change significantly
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