Definition of adjustable-rate mortgage in the definitions.net dictionary. definitions for adjustable-rate mortgage ad·justable-rate mort·gage.
The appeal of the Adjustable Rate Mortgage, or ARM, is that it offers borrowers an opportunity to obtain lower monthly mortgage payments during a period of low interest rates.
Adjustable definition, capable of being adjusted: adjustable seat belts. See more.
An adjustable rate mortgage is a loan that bases its interest rate on an index. The index is typically the Libor rate, the fed funds rate, or the one-year Treasury bill.. An ARM is also known as an adjustable rate loan, variable rate mortgage, or variable rate loan.
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 …
Definition of Adjustable Mortgage in the Financial Dictionary – by Free online English Meaning of Adjustable Mortgage as a finance term. What does Adjustable Mortgage mean in finance?
2019-01-16 · An adjustable rate mortgage is a loan that bases its interest rate on an index. The index is typically the Libor rate, the fed funds rate, or the one-year Treasury bill.
A type of home loan for which the interest rate varies during the life of the loan. The mortgage begins with an initial rate that is fixed for a set amount of time, in this case 5 years.
5 Year Arm Interest Rates Bankrate’s rate table compares current home mortgage & refinance rates. Compare lender APR’s and find ARM or fixed rate mortgages & more. Several closely watched mortgage rates ticked downward today. The average rates on 30-year fixed and 15-year … the life of … Quick Introduction to 5/1 ARM Mortgages. The 5/1 ARM is the most
Adjustable Rate Mortgage is where the interest rate on the outstanding balance is not constant but varies throughout the life of the loan. Adjusted-Rate Mortgage Definition.
An adjustable-rate mortgage, or ARM, is a mortgage with an interest rate that can be increased or Adjustable-rate mortgages often start out with a low interest rate, even sometimes below market rates.
Interest Rates 5 Year Arm 7 Yr Arm Calculator Interest Only ARM Calculator Overview. An interest only mortgage requires that interest payments are made during a fixed period of time period. Interest only mortgages usually have an interest only payment option during the first 1, 3, 5, 7, or 10 years of the mortgage. These are the latest available index
adjustable rate mortgage meaning: → variable rate mortgage. Learn more. (Definition of "adjustable rate mortgage" from the Cambridge Business English Dictionary © Cambridge University…