Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM)
Also
known as a variable
rate mortgage. The interest
rate on these mortgages changes periodically.
Variable
or adjustable
loans are loans whose interest rate fluctuates over the period of
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Variable Rate Mortgage
Variable
Rate Mortgage
The
variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM
is a mortgage with a rate that will adjust over time. You may be familiar
with the term three
year ARM, or five-year
ARM.
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