Adjustable-Rate

Adjustable-rate mortgages (ARMs) offer a flexible rate that may go up or down as you progress through the life of your loan. ARMs usually start with a fixed interest rate for a set number of years, with the interest rate becoming a variable that can change each following year. If you know your first home won’t be your forever home, an ARM loan could be a great option as the interest rates tend to start on the lower end (and you’ll likely refinance or move before your initial fixed interest rate loan period ends).

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