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11 December, 16:26

The main difference between a traditional mortgage and an arm is the?

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  1. 11 December, 16:53
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    The difference between a fixed rate and an adjustable rate mortgage is that, for fixed rates the interest rate is set when you take out the loan and will not change. With an adjustable rate mortgage, the interest rate may go up or down. Some arms also limit how low your interest rate can go.
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