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What goes up, must come down. That's basically the
principal of ARMs. The interest rate you pay is adjusted from time to time
to keep it in line with changing market rates. This means when interest
rates go up, your monthly home loan payments may go up. When interest
rates go down, your monthly home loan payments may go down.
Now that might sound frightening if you've ever lived in
an era when interest rates shot up dramatically. But, many ARMs have
built-in features that reduce the risk that your rate will ever go too
high.
ARMs are attractive because they offer start rates that
are lower than the interest rates of fixed rate home loans. This typically
enables you to begin with lower monthly payments and qualify for a larger
loan.
3, 5, 7 year terms available
Up to 100% financing on home purchases
Contact Us
for more information
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