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What is a ARM loan?

Blair Lewis

in Student Loans

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Annie Barnes on June 23, 2018

An ARM loan, known as an adjustable rate mortgage, is a type of loan in which the interest rate is fixed for some initial period. After this initial period, the interest rate is variable, which is generally based on an index (for example, the prime rate, LIBOR, etc) plus a margin imposed by the lender.


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