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What is a 5/1 ARM?

September 23, 2015 by Leave a comment

If you’re like some people, when you hear the mortgage term 5/1 ARM you might say something like, “Ahhhh! Numbers and an acronym—nooooo!!” Okay, maybe that’s a bit dramatic, but I think it’s fair to say that a 5/1 ARM doesn’t appear to be the friendliest of terms. And that’s really too bad because he’s... View Article

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Adjustable-Rate Mortgages are Growing in Popularity: Is One Right for You?

October 15, 2014 by Leave a comment

There’s a lot of hype in the news these days regarding adjustable-rate mortgages. Why all the attention? At first glance, they seem like a great deal. The initial interest rates on adjustable-rate mortgages are usually extremely low when compared to fixed-rate mortgages. But these types of home loans have considerable downsides, too. Before you feel... View Article

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Understanding an ARM Loan

August 12, 2014 by Leave a comment

During the home buying process, many mortgage related terms are tossed around.  One of these terms that is often talked about is an “ARM”.  An ARM, for those who don’t know what it stands for, means Adjustable Rate Mortgage.   Arms are one of many different mortgage loan options available to borrowers, and are a great... View Article

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