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The 5/5 ARM Loan Just Might be the Best Mortgage Loan – Advantages of a 5/5 ARM. A 5/5 ARM, though, is a bit different. Lenders advertise it as a loan product that combines the stability of a fixed-rate loan with the low initial payments of an ARM. Like all ARMs, the 5/5 ARM comes with a fixed-rate period. In this version, the interest rate doesn’t change for five years.
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Choosing an adjustable-rate mortgage (ARM) instead of fixed-rate loan can be a great way to save money on your loan.. 3 questions to ask when you’re considering an adjustable-rate mortgage.
An adjustable-rate mortgage (ARM) can be a useful loan, offering buyers a lower. They find a nice home in a safe neighborhood where the schools are good.. She wants to buy a house because it can be a smart investment, and she enjoys .