• ARMs are fixed for a set period of time, either 5, 7, or 10 years and then after the lock in period, the rate adjusts based on the current market

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• The ARM options are set on a 30 year term, but the rate is only consistent and locked in for that set, chosen time period

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• ARMs offer lower interest rates than fixed-rate loans

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• ARMs are the best option for clients who are not planning on keeping the mortgage long term

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• You can do an ARM on conventional loans, FHA loans, VA loans and Jumbo loans