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Adjustable Mortgage

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How To Get the Lowest Mortgage Rate

You found a great neighborhood, you’re ready to buy a home and, lo and behold, you make an offer and it gets accepted. Now you’re probably wondering, “What is this going to cost me every month?” The fact is, your monthly payments aren’t just based on the cost of the home loan. They’re also based...

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What Is a 7/6 ARM? 

As a current or prospective home buyer, you know that every new home comes with different mortgage needs. Depending on your financial and real estate goals, you might look for alternatives to the standard 15- or 30-year fixed-rate mortgage to get the most from your money. That’s where adjustable-rate mortgages (ARMs) come in. In this...

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What Is a 5/6 ARM Loan?

When it comes to mortgages, there is no one-size-fits-all solution. But there are lots of options. And your job as a borrower is to understand all your options. When you apply for financing to buy a home, an adjustable-rate mortgage (ARM loan or ARM) may be one of your options. And a 5/6 ARM is...

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What Is a 10/1 ARM and How Does It Work?

Whether you’re buying your first home or already have some experience as a homeowner, no mortgage experience is quite the same. With such a variety of mortgages to pick from, each with its own type, terms and rates, it’s no surprise that shopping for one can be an overwhelming process. A 10-year adjustable-rate mortgage (10/1...

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Real Estate Agent Commission: What Are the Fees I Should Know About?

Selling a home can be a tricky process to navigate. But thankfully, there’s someone you can lean on every step of the way. One of the most important people you’ll recruit for your team is a real estate agent. Think of your agent as your coach, cheerleader and quarterback all rolled into one! The right...

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Adjustable-Rate Mortgages: What Are They and When They Can Work for You

Shopping for a mortgage? You might hear about two options: fixed-rate and adjustable-rate mortgages (ARM). And you’re probably also wondering what do these words even mean? A fixed-rate mortgage is probably the more straightforward option: You pay a fixed interest rate over the life of the loan. But with an adjustable-rate mortgage the rate definition...

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