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An arm mortgage can be an excellent option for many borrowers. These type of mortgages have two portions. First, the fixed rate period of the mortgage, which affect the interest option and normally varies between 5, 7, 10, or 15 years. Second, is the amortization which is the period of time that payments are based on. Depending on the type of mortgage, the amortization varies between 25 years for most commercial mortgages and up to 30 years for most jumbo and residential mortgages.
This Information and interactive calculator is made available as a self-help tool for independent use and are not intended to provide investment advice. We cannot and do not guarantee its applicability or accuracy with respect to your individual circumstances. All Examples are hypothetical and are for illustrative purposes only. We encourage you to speak to our of our advisers regarding detail information and guidance.