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ARM is the acronym for Adjustable Rate Mortgage. As opposed to a fixed rate mortgage in which the initial interest rate is locked for the life of the loan, an ARM does not guaranteenthe initial rate for more than a certain set amount of time. A typical example of an ARM is one in which the rate is locked for 7 years and changes every year beyond that, until the mortgage is paid off. The changes are usually regulated by caps that limit the amount the interest (or payments) can increase. Although an ARM offers a lower initial rate than a fixed rate mortgage does, many opt for the traditional 30 year fixed loan, and the peace of mind it offers. However, it is important to consider one's personal situation before deciding on which mortgage product is suitable.
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What will the government do with the risky mortgages?
Once the economy stabilizes they would sell it.
Do interest rates on ARM mortgages change?
ARM stands for Adjustable Rate Mortgage. Adjustable means the interest rate may be changed. Interest rates on ARM mortgages may change.
What did Lehman Brothers do that was risky and led to their downfall?
Sub-Prime mortgages bundled together; toxic assets.
Does Amerisave Mortgage offer both fixed rate and ARM mortgages?
Yes Amerisave does offer both fixed rate and ARM mortgages. You would have to go and check out the resource on their site to find out exactly what kind of rate you want.
Are reverse mortgages considered risky or safe?
They can be risky because there are alot of upfront charges that you arnet told about at first. Also if you would like to qualify for medicaid in the future it may prove to be a barrier for you in that aspect.
Was edward Jenners work risky?
yes very risky
Is botting in rs risky?
Yes, very risky. If you are caught, your account will be banned permanently.
Can you use risky in a sentence?
The dynamic driving environment can become risky very quickly.
How risky is eyeball tattooing?
very
What kind of mortgages are offered by Central Mortgage?
The mortgages offered by Central Mortgage include the following: 30 years fixed, 15 years fixed, and 5/1 ARM which are low initial rates that can increase.
Why are agencies like the FBI risky?
Agencies like the FBI are risky because they can handle very dangerous cases.
Can women with diabetes be pregnant?
They can but it is very dangerous and risky.
