How high can the ARM go?

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Sam

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Joined: 21 May 2005

Posts: 281
Location: CALIFORNIA
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Posted: Fri Mar 26, 2004 4:30 am Post subject: How high can the ARM go?

The ARM (adjustable rate mortgage) generally has a limit or cap, as specified in the mortgage note, which decides how high your interest rate can adjust during each adjustment period or over the life of the loan. The caps protect you from drastic market changes.

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