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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

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Indexed ARM

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An indexed ARM refers to a mortgage where the interest rate payable varies in relation to one specific variable. This means that although the interest will vary, it will not be at the discretion of the lender; rather it will be linked to some independent index.

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