Which is better arm or fixed mortgage?

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Which is better arm or fixed mortgage?

Mortgage Guide

This means that the monthly payments can go up or down. Generally, the initial interest rate is lower than that of a comparable fixed-rate mortgage. After the fixed-rate period ends, the interest rate on an ARM loan moves based on the index it's tied to. ... Some lenders offer 3/1 ARMs, 7/1 ARMs and 10/1 ARMs.

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