Adjustable Rate Mortgage Definition

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Define adjustable-rate mortgage. adjustable-rate mortgage synonyms, adjustable-rate mortgage pronunciation, adjustable-rate mortgage translation, English dictionary definition of adjustable-rate mortgage.

Adjustable Rate Mortgage Overview An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. With an adjustable-rate mortgage, the.

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An adjustable rate mortgage is a type in which the interest rate paid on. fixed- rate is applied to the loan, but there is no set formula defining.

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An adjustable rate mortgage (ARM) is a type of mortgage that is just that-adjustable. That means, while you may start out with a low interest rate, it can go up.

An adjustable-rate mortgage, or ARM, is a home loan that starts with a low fixed- interest “teaser” rate for three to 10 years, followed by periodic.

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I was asked a few questions about this particular mortgage product the other day and thought it would make a good informative piece. Definition. of these interest rates, each corresponding with a.

An adjustable-rate mortgage, or ARM, is a mortgage with an interest rate that can be increased or decreased from time to time, depending on various factors. An ARM is helpful for someone taking out.

Adjustable-rate mortgage definition, a mortgage that provides for periodic changes in the interest rate, based on changing market condtions. Abbreviation: ARM See more.

The most common adjustable rate mortgage is called a "hybrid ARM," in which a specific interest rate is guaranteed to remain fixed for a specific period of time. Often, this initial rate is lower than what you could otherwise get in a traditional 30-year fixed loan.