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What Exactly Is A Subprime Mortgage Loan?
If your credit score is low, finding a prime loan rate isn't really feasible. In this case, a subprime loan is the best alternative.
The Adjustable Rate Mortgage
An adjustable rate mortgage (ARM) is exactly what it sounds like: a mortgage or loan for which the rate of interest fluctuates, rather than staying frozen at a definite percentage throughout the period of the loan.
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