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What is a 5/1 ARM?
Financial terms can often be confusing. Let me simplify this one for you.
Interest Only Mortgage Companies
Interest only mortgage companies are a very different breed than the banking industry. These businesses are in the business for the sole purpose of making mortgages. They aren't bound by the same laws as your bank, but some of the regulations are consistent with those of a bank.
The Consumer's Loan: The 10/30 Interest Only
A look at one of the most beneficial loans available to the consumer today.
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