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Real Estate Glossary of Terms

Fully Amortized ARM

An adjustable-rate mortgage (ARM) with a monthly payment that is sufficient to amortize the remaining balance, at the interest accrual rate, over the amortization term.

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Thayer D. Fairing, Licensed Real Estate Broker, License # BK3232450; 25 years of experience in the real estate profession.
He is a licensed Real Estate Broker, Licensed Mortgage Broker and Licensed Title Insurance Agent

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