An adjustable-rate mortgage is a home loan that has an initial period with a fixed interest rate followed by periodic rate adjustments. An adjustable-rate mortgage, or ARM, may sound risky. After all, your payments can increase or decrease based on interest-rate changes that are out of your control. But in some cases, choosing an ARM...
from NerdWallet
https://www.nerdwallet.com/blog/mortgages/pros-cons-adjustable-rate-mortgages/
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