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Financial Tip: Adjustable rate mortgages

This is a recurring recording of WBNG's noon newscast.
Published: Jun. 15, 2022 at 4:10 PM EDT
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(WBNG) -- In this week’s Financial Tip RJ Barber of Visions Investment Services discusses adjustable rate mortgages.

“An adjustable-rate mortgage or ARM is a home loan with an interest rate that adjusts over time based on the market,” Wealth Management Advisor RJ Barber said. “ARMs typically start with a lower interest rate than fixed-rate mortgages, so an ARM is a great option if your goal is to get the lowest possible rate.”

To contact RJ and his team at Visions Investment Services, visit the website here.