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  • Mitus Mortgage
    Mitus Mortgage
    (209) 795-4700
    728 Highway 4, 95223  Arnold

    Adjustable Rate Mortgage (ARM) - A mortgage in which the interest rate is adjusted periodically based on an index. Also called a variable rate mortgage. Adjustment Interval - For an adjustable rate mortgage, the time between changes in the interest rate charged. The most common adjustment intervals…