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An adjustable rate mortgage, ARM, is a mortgage that has a varying interest rate on the note. The interest rate on the mortgage periodically adjusts based on an index. Because of the varying interest rate, borrowers may notice their payments changing over time.
Adjustable rate mortgages are sometimes confused with graduated payment mortgages. With a […]
Entries Tagged as 'Mortgage'
A Guide To Adjustable Rate Mortgage Terms
November 13th, 2007 · No Comments
Tags: Mortgage
