GMAC expands menu of ARM offerings.

ELKINS PARK, Pa. -- GMAC Mortgage Corp. announced that it has expanded the variety of adjustable-rate mortgage programs available with down payments as low as 5%

The new products being offered include a six-month adjustable, an ARM that is fixed for the first three years and then adjusts annually, and a 10/1 ARM that adjusts annually after 10 years. The company also offers a one-year ARM called First Step as well as fixed-rate programs with 5% or smaller down payment requirements.

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