How often an adjustable rate mortgage's interest rate changes
While most adjustment rate mortgages (ARMs) change annually, others fluctuate monthly or semi-annually. Usually, the longer the adjustment period, the higher the initial fixed interest rate (called a teaser rate) will be.
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Showing posts with label Adjustment period. Show all posts
Showing posts with label Adjustment period. Show all posts
Friday, April 14, 2006
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