An Adjustable-Rate Mortgage (ARM) from Fairway Independent Mortgage Corp. offers a flexible loan option where the interest rate may change after an initial fixed-rate period. This change is influenced by market conditions, which can affect the monthly mortgage payments. ARM loans are available in various types, including Conventional, FHA, VA, and USDA, providing a range of options to suit different needs. It's important to consult with a Fairway mortgage advisor to understand the benefits and risks, and to determine whether an ARM is the best choice based on individual financial situations and housing plans.
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