How do I control the risk of

Don't be dazzled by
Published on Feb 16, 2004

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by CareyBot

Flexible-payment adjustable-rate mortgages (FPARMs) are for borrowers who need low payments in the early years. The minimum initial payment is calculated at the interest rate in month 1, which can be as low as 1.25 percent, and rises by 7.5 ...