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What is the difference between a fixed-rate and adjustable-rate mortgage (ARM) loan?

  • Listed: August 13, 2022 10:33 am
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What is the difference between a fixed-rate and adjustable-rate mortgage (ARM) loan?

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.

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Listing ID: 43162f77dd193780

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