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20 June, 10:20

What is an advantage of an adjustable-rate mortgage?

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  1. 20 June, 13:43
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    The interest rate on an ARM is fixed for a period of five or seven years. After the fixed-rate period, your interest rate can adjust up or down depending on current market conditions ... Interest rates are typically lower than fixed-rate mortgages, which means you'll enjoy a lower monthly payment during the fixed period.
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