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The initial interest rate is usually lower than. Web An adjustable-rate mortgage ARM loan is a home loan where the interest rate is adjusted periodically dependent on an index such as the prime rate. In addition to income credit and employment data a mortgage lender requires additional.

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For the first few years youll typically pay a. Web An adjustable-rate mortgage ARM is a loan where the interest rate is fixed for a specific amount of time then adjusts periodically. Web Adjustable Mortgage Loan Mar 2023.

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