5 1 Arm Mortgage Rates

5-year arm mortgage rates – 5-Year ARM Mortgage Rates. A five year mortgage, sometimes called a 5/1 ARM, is designed to give you the stability of fixed payments during the first 5 years of the loan, but also allows you to qualify at and pay at a lower rate of interest for the first five years.How long does it take to get pre-approved for your mortgage? Not as long as you think, if you start with a folder and have fun with some paper airplanes.

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