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    People select this type of a loan for various reasons. The spread between a fixed a

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    ARM is the abbreviation for an adjustable rate mortgage. This type of home mortgage starts at a rate that may be lower than a fixed rate loan. After a certain time, that could be 6 months to 10 years, the loan is reset. The adjusted rate is an index, such as the Monthly Treasury Average (MTA), plus an additional amount called a margin. The rate will re-adjust according to your mortgage terms.

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    ate that may be lower than a fixed rate loan. After a certain time, that could be 6 months to 10 years, the loan is reset. The adjusted rate is an index, such as the Monthly Treasury Average (MTA), plus an additional amount called a margin. The rate will re-adjust according to your mortgage terms.

    People select this type of a loan for various reasons. The spread between a fixed a

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    years, the loan is reset. The adjusted rate is an index, such as the Monthly Treasury Average (MTA), plus an additional amount called a margin. The rate will re-adjust according to your mortgage terms.

    People select this type of a loan for various reasons. The spread between a fixed a

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    A), plus an additional amount called a margin. The rate will re-adjust according to your mortgage terms.

    People select this type of a loan for various reasons. The spread between a fixed a

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    terms.

    People select this type of a loan for various reasons. The spread between a fixed and variable rate changes over time. When a fixed rate loan would cost far more than a variable rate loan, customers are more likely to want the variable rate program. For example if a variable rate was 5% compared to 6.75% for a fixed rate. Right now the spread is small, making the fixed rate more attractive. If you think you are going to move or refinance in a few years the variable ra

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