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I found a lender to
refinance my 10% interest rate down to 6% but they insist on giving
me-another adjustable rate mortgage in of one with a fixed rate. This type of adjustable rate mortgage loan
enables borrowers to manage monthly cash flow by having the flexibility
of making one of several possible monthly payments on their loan. These assets have increased in
yield as adjustable rate mortgage indexes have gone up following the
increases in short term rates orchestrated by the Federal Reserve. |
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