What you will see in this Fast Forward Stories video is, an ARM may make sense if:
- you are confident that your income will increase steadily over the years
- you anticipate a move in the near future and aren't concerned about potential increases in interest rates
- ARMs generally offer lower initial interest rates.
Monthly payments can be lower.
And they may allow you to qualify for a larger loan amount.
Make sure you understand the terms, risks and potential costs and compare all options before deciding.
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