3/27 Adjustable Rate Mortgage

Posted by on Feb 25, 2011 in 3-27-arm

A 3/27 ARM is a mortgage program that will be a fixed rate for the first 3 years, and then will adjust for the next 27 years.  During the 3 year fixed period, the rate will not change, and neither will your monthly payments.  This option would have a slightly higher interest rate than a 2/28 because of the longer fixed period....

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