Staying In Golden If you are planning on staying in your Golden, Colorado real estate for only a few years, one enticing option is the adjustable rate mortgage, or ARM. With an ARM, you select a time period to lock in an extremely low rategenerally 3, 5 or 7 years. An ARM gives you a lower rate than a fixed mortgage, with the lowest being the 3 year ARM. The catch? After the 3, 5 or 7 years, your mortgage rate is adjustable, meaning it will change. And it seems odds are good that the change will not be in your favor.
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