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How to Justify a $3,000 Coffee Maker

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The Essential Reverse Mortgage Factsheet

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The End of Credit Card Rip-offs?

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Dissecting the Dollar Re-Design Project

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10 Things That You Can Do To Lower your Car Insurance Premium

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Piggy Trouble

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Follow the Money: The Best and Worst Places to Work by Average Salary

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Recent Comments

Joey says:

The credit card companies, similar to the insurance industry, are...

November 20, 2009 on The End of Credit Card Rip-offs?

Word of the Day

Adjustable Rate Mortgage (ARM)

Also known as a 'variable' or 'floating rate' mortgage. An adjustable rate mortgage (ARM) is a type of mortgage loan where a borrower is offered a fixed introductory interest rate in the early stages of the loan. After this introductory period, interest rates are reset to levels that spread to a level higher than a specified benchmark, which is called an ARM margin. An ARM's rate may rise or fall when reset depending on the movement of the benchmark rate. For this reason, fixed rate mortgages (FRM's) are preferred over ARM's at times when mortgage interest rates are at historically low levels.

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