Adjustable Rate Mortgage – Mortgage Glossary

Mortgage Glossary

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Adjustable Rate Mortgage

Adjustable Rate Mortgage


Adjustable rate mortgage (ARM) is the term for any mortgage where the interest rate can vary. Some of the adjustable rate mortgages that are available are truly adjustable and vary depending entirely upon the lender’s discretion; others will be linked to some other index such as base rate. Also known as a variable rate mortgage.

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Mortgage Glossary

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