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Thursday, January 24, 2013

What is an Adjustable Rate Mortgage (ARM)?

What is an Adjustable Rate Mortgage (ARM)?

An ARM is a mortgage loan where the interest rate, initially at a fixed rate, can fluctuate after a specific period of time, based on some financial index, most often on an annual basis.

Posted at 05:07 AM in Buyers, Interest rates, Terminology & Definitions |

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    Copyright © 2006-2012 Dean & Heidi Rinker. All Rights Reserved. All information provided is deemed reliable but is not guaranteed and should be independently verified. All advice, opinions, recommendations, thoughts, tips and information contained herein is based on what has, at times, worked for others, and is not guaranteed to work in every situation, including yours. We cannot guarantee or promise any specific results based on taking any actions discussed in this blog or any other publication or article. Buyers, sellers, and others should consult with their own real estate agents, attorneys or other appropriate professionals to verify if any information here applies to their specific situation and locality. Anyone using any of this information on on this site uses it at their own risk. Properties subject to prior sale or rental. California Department of Real Estate Lic #'s 01300527 and 01401568