Comments on: Florida Mortgage Update: Now is a Good Time to Consider a 5-Year ARM http://www.floridamortgageblogger.com/2009/10/09/florida-mortgage-update-good-time-5year-arm/ Florida Mortgage News, Information, and Insights for Today's Educated Borrowers Tue, 07 Feb 2012 04:27:28 +0000 hourly 1 By: Bowler@Fixed Rate Mortgage http://www.floridamortgageblogger.com/2009/10/09/florida-mortgage-update-good-time-5year-arm/comment-page-1/#comment-2898 Bowler@Fixed Rate Mortgage Wed, 21 Oct 2009 10:49:43 +0000 http://www.floridamortgageblogger.com/?p=2615#comment-2898 One element to define in the 5-year ARM is the interest-only loan option. On the interest-only loan, only your interest will be paid for a certain time period. Nothing will apply to the principal; the only thing that a consumer pays of your mortgage debt is the interest. It is an interest-only loan. One element to define in the 5-year ARM is the interest-only loan option. On the interest-only loan, only your interest will be paid for a certain time period. Nothing will apply to the principal; the only thing that a consumer pays of your mortgage debt is the interest. It is an interest-only loan.

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