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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. [1] The loan may be offered at the lender's standard variable rate/base rate. There may be a direct ...
An adjustable-rate mortgage, or ARM, is a home loan that has an initial, low fixed-rate period of several years. After that, for the remainder of the loan term, the interest rate resets at regular ...
An adjustable-rate mortgage (ARM) is a mortgage whose interest rate resets at periodic intervals. ARMs have low fixed interest rates at their onset, but often become more costly after the rate ...
How adjustable-rate mortgages (ARMs) work. An adjustable-rate mortgage has an interest rate that changes at set intervals after a fixed-rate introductory period. Intro periods are most commonly ...
When interest rates are low, conventional mortgages rule the day. There's no need to take a chance with an adjustable rate mortgage (ARM) if you can lock in a 3.5% or lower rate for 30 years. See ...
There are many types of mortgages out there, but they tend to fall into two broad categories, fixed-rate mortgages and adjustable-rate mortgages (ARMs). 7/1 ARMs are a type of adjustable-rate ...
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