Is a 10 1 arm a good idea?

Updated date: Tuesday, July 8, 2025 - 19:43
Is a 10 1 arm a good idea?

Mortgage Guide

Hybrid mortgages often offer lower initial interest rate than fixed loans but higher interest rates than standard ARMs. ... With a 10/1 ARM, you know exactly what your interest rate will be for the first 10 years. After that, your interest rate, and therefore your monthly payment, could go up or down.

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