5 1 Arm A 5/1 ARM might work for you if. "For certain people, like first-time homebuyers, 5/1 arm mortgages are very useful," said Doug Crouse, a senior loan officer with nearly 20 years of experience in the mortgage industry. Homebuyers in the following scenarios could benefit from a 5/1 ARM:5 And 1 Arm It was about this time when someone told matt dunigan, a freshman from Dallas, a 5-9 lightning-in-his-arm quarterback – he’ll tell you. Five feet up a gradual rise was the “Upper Field” where the.
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An "adjustable-rate mortgage" is a loan program with a variable interest rate that can change throughout the life of the loan.It differs from a fixed-rate mortgage, as the rate may move both up or down depending on the direction of the index it is associated with.. All adjustable-rate mortgage programs come with a pre-set margin that does not change, and are tied to a major mortgage index.