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For years, state farm agents could offer mortgages to their customers through State Farm Bank, the company’s banking arm that offers home loans, auto loans. He is a graduate of University of North.
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A home loan with an interest rate that remains the same for the entire term of the loan. adjustable-rate mortgage (arm) Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London.