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单词 secure option ARM
释义

secure option ARM

Definition
Type of adjustable rate mortgage that includes a period that has a fixed interest rate. A secure option ARM usually starts with a low interest rate for the first few months. Then the interest rate increases somewhat and remains fixed until the first "recast," a recalculation of payments that usually occurs after five years.
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更新时间:2025/4/17 21:22:41