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Mortgage with an interest rate fixed for an introductory period that adjusts periodically thereafter. A 7/6 ARM, for example, has an introductory rate for 7 years and then adjusts annually.
at Karen Fried · New York
Mortgage with an interest rate fixed for an introductory period that adjusts periodically thereafter. A 7/6 ARM, for example, has an introductory rate for 7 years and then adjusts annually.
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