(ARM) Adjustable Rate MortgageCO |
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Mortgage Loan Programs
Offers lower interest rates during the beginning of the loan than a fixed rate loan with interest rates fluctuating over the term of the loan. This loan program is often suggested to homebuyers who plan to live in their home for less than 10 years and are interested in a loan with a lower initial interest rate and payment. With Adjustable Rate Mortgage (ARM), interest rates change based on set time periods, so it is likely the monthly payments will increase or decrease during the term of the loan. An ARM is a good loan program if interest rates are expected to decline or stabilize and if the homebuyer welcomes a variable interest rate.
Need more information about a specific program? See a product not listed? Contact us at 1-866-907-6870 or email info@capmortcorp.com.
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