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Top Question:
What is an ARM loan?
Best Answer:

ARM stands for Adjustable Rate Mortgage.

This type of loan is most commonly used by customers purchasing a home they only plan to be in for a short period of time. An ARM allows them to take advantage of a low interest rate for a pre-determined initial term. The interest rate adjusts periodically based on the index rate. Talk to a mortgage lender today to discuss if an ARM loan is right for you.

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