Define Adjustable Rate Mortgage

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Adjustable-rate mortgage – Wikipedia – A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage. There may be a direct and legally defined link to the underlying index, but where the lender offers no specific link to the underlying market or index.

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ADJUSTABLE RATE MORTGAGE – Cambridge Dictionary – adjustable rate mortgage definition: variable rate mortgage. Learn more.

Back to Glossary Terms. Adjustable Rate Mortgage (ARM) A mortgage with an interest rate that can change during the term of the loan. The timing and calculation of adjustments (also called resets) are determined by the loan program, and these details are disclosed in the mortgage documents.

Q&A: Tesco checks out of mortgage market – The retailer’s banking arm is exploring a sale of its £3.7bn mortgage loan book, with about 23,000 borrowers. A lender’s standard variable rate (SVR) is by definition a managed rate and therefore.

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As you can see, ARMs can have complex implications. Thus, as is the case with any loan, borrowers must be sure to read and understand the lender's.

At NerdWallet, we strive to help you make financial decisions. This limits the use of the adjustable rate mortgage to help marginal homeowners qualify for mortgages they couldn’t touch under.

An adjustable-rate mortgage, or ARM, has an introductory interest rate that lasts a set period of time and adjusts annually thereafter for the remaining time period. After the set time period your interest rate will change and so will your monthly payment.

Adjustable Rate Mortgage Definition – The Business Professor – adjustable rate mortgage definition adjusted-rate Mortgage Definition This is a form of mortgage where the interest rate on the outstanding balance is not constant but varies throughout the life of the loan.