Adjustable Rate Mortgage Definition And Meaning Market

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Posted on September 21, 2018 at 09:25 AM



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Adjustable-rate mortgage - Wikipedia
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.
Adjustable Rate Mortgage | Definition of Adjustable Rate ...
Adjustable rate mortgage definition is - a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but is adjusted periodically according to the cost of funds to the lender.
Adjustable Rate Mortgage financial definition of ...
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.

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