7 Arm Mortgage
Contents Potential cost savings Years. Cousins 3/1 arms Benchmark interest rate Fall.adjustable rate mortgages 5 1 Arm Mortgage Means You will probably see a 5-year ARM called a 5/1 ARM on many financing sites and in real estate news. It is a type of hybrid mortgage combining the consistency of a fixed rate mortgage and the potential cost savings of an adjustable rate mortgage (ARM). A 7/1 ARM is a kind of adjustable rate mortgage — in this case, one that has a fixed interest rate for seven years. After…
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