Adjustable Rate Mortgage Index Adjustable-rate mortgage. 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. The loan may be offered at the lender’s standard variable rate/base rate.
Adjustable-rate mortgages (ARMs) allow borrowers to pay lower interest rates on their loan for a set period, after which the rates get changed. The 7/1 ARM means that for seven years the borrower.
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.
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7 Arm Mortgage How Do Arm Loans Work An "adjustable-rate mortgage" is a loan program with a variable interest rate that can change throughout the life of the loan. It differs from a fixed-rate If your income is currently low but you know that it will increase soon, an ARM may. continue reading How Do Arm Mortgages Work