What is an Adjustable-Rate Mortgage?
- TOCR Real Estate School
- Mar 27, 2023
- 1 min read
The interest rate for an adjustable-rate mortgage changes periodically. You might start with lower monthly payments than you would with a fixed-rate mortgage, but fluctuating interest rates will likely make those monthly payments rise in the future.
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A loan with a variable interest rate is known as an adjustable-rate mortgage (ARM). Compared to fixed-rate mortgages, ARMs may have lower initial monthly payments. Visit here http://besttowingusa.com/ Towing Company USA
An adjustable-rate mortgage's interest rate fluctuates over time. Compared to a fixed-rate mortgage, your initial monthly payments could be lower.
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We may begin with smaller monthly payments than you would with a fixed-rate mortgage to read this post, but future changes in interest rates will probably cause those monthly payments to increase.
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