ARM Loans
Adjustable-rate mortgages (ARM) are indexed-based mortgage loans. They provide extra payment flexibility and offer interest rates as low as 1%.
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Good Faith Estimate (GFE)
The RESPA requires the mortgage lender or mortgage broker to deliver or mail the GFE to you within three business days after the application is received. This document reports on the approximate costs you will pay at or before the settlement, based on normal practice in the region.
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