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Have you ever wondered what the difference is between a 5/1 ARM and a 5/5 ARM or a 7/1 ARM and a 7/6 ARM and so forth? Let me explain in this article because the difference adds to another dilemma mortgage borrowers should consider. An adjustable-rate mortgage (ARM) is a home loan with an introductory
The post The Difference Between A 5/1 ARM And 5/5 ARM And When To Get Either appeared first on Financial Samurai.
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