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Adjustable Rate Mortgages when do they make sense

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Adjustable Rate Mortgages when do they make sense

Buying a home – when does an adjustable rate mortgage (ARM) make sense?

Adjustable Rate Mortgages (ARM) may make sense in the following situations:

  • if you are confident that your income will increase steadily over the years
  • if you anticipate a move in the near future and aren’t concerned about potential increases in interest rates.