Definition of an adjustable rate mortgage. adjustable rate mortgages include all types of mortgages that tie the ongoing interest rate to a moving index published by the US Treasury or other financial institution. A typical ARM rate is made up of a variable index rate and a fixed margin added on.
Adjustable-rate mortgage (ARM): read the definition of Adjustable-rate mortgage (ARM) and 8,000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
Variable Rate Morgage Variable Rate Mortgage In addition to generally offering the lowest mortgage rate available, a variable rate mortgage could help you save in interest costs over the life of your mortgage. A Variable Rate Mortgage Could Save you Thousands of Dollars in Interest Costs
A 3/1 ARM, for example, is a mortgage that carries a fixed rate for the first three years and then adjusts every year thereafter. In many cases, ARMs have caps — limits on how high and sometimes how low the interest rate can go, and how much they can move in any one year, month, or quarter.
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An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. This means that the monthly payments can go up or down. Generally, the initial interest rate.
Adjustable-rate mortgage definition, a mortgage that provides for periodic changes in the interest rate, based on changing market condtions. Abbreviation: ARM See more.
adjustable rate mortgage (arm) A real estate loan whose interest rate is adjusted periodically to accomodate market rates. A limit is set as to how high or low it can be changed and how frequently.
Definition of Adjustable-Rate Mortgage (ARM) An adjustable-rate mortgage (ARM) is a mortgage loan in which the interest rate is not fixed but instead is adjusted at specific intervals during the life of your loan.
Adjustable Rate Mortgage Definition – If you are looking for a way to refinance your existing mortgage loan then we can help you find out if you can get a better deal.
adjustable rate loan An adjustable rate loan is a loan where the rate of interest charged can change or ‘adjust’ during the life of the loan. An adjustable rate loan is the opposite of a fixed interest rate loan where the interest rate remains fixed during the loan. adjustable rate loans are much less common than its fixed interest counterpart because individuals.
Adjustable rate mortgage (ARM). An adjustable rate mortgage is a long-term loan you use to finance a real estate purchase, typically a home. Unlike a fixed-rate mortgage, where the interest rate remains the same for the term of the loan, the interest rate on an ARM is adjusted, or changed, during its term.