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The Loan Store Online
The Loan Store Online
Mortgage FAQ
 
What is an ARM

• ARMS (Adjustable Rate Mortgages) are linked to a specific index
• Generally offer lower initial interest rates
• Monthly payments can be lower
• May allow borrower to qualify for a larger loan amount

When do ARMS make sense?

An ARM may make sense if you are confident that your income will increase steadily over the years or if you anticipate a move in the near future and aren't concerned about potential increases in interest rates.



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