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ADJUSTABLE-RATE MORTGAGE (ARM)
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| A mortgage
loan in which the interest changes periodically, according to
corresponding fluctuations in an index and the original principle
for the term of the loan. All ARMs are tied to indexes. |
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BACK TO GLOSSARY |
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Simplicity
Mortgage - 6180
E. State Street, Suite #5 - Rockford, IL.
61108
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