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https://www.myfico.com/credit-education/blog/ARM-refinance
Ideally, you can buy a home with a lower-rate ARM, wait until interest rates drop and then refinance into a less-risky loan with a fixed rate.

https://www.pnc.com/en/personal-banking/borrowing/home-lending/mortgage-refinance/adjustable-rate-refinancing.html
An Adjustable Rate Mortgage (ARM) is a loan with an interest rate that periodically adjusts to reflect current market rates.

https://www.wellsfargo.com/mortgage/loan-programs/adjustable-rate-mortgage/
You may be able to refinance your ARM with a fixed-rate mortgage if you want to avoid the uncertainty of fluctuating rates in the future.



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