A variable interest loan with rates that change based on financial indexes.
Application to reclassify a medicines. A consultative letter issued when an application is made for a change in legal status of a product.
A home loan in which the monthly payment may change during the term of the loan. The "cap" is the percentage change limit the loan can have.
A mortgage loan whose coupon rate is adjusted periodically at a given margin over a specified index, such as the one-year Constant-Maturity Treasury or the 11th District Cost-of-Funds Index, subject to specified coupon change and lifetime caps.
A mortgage where the interest rate adjusts periodically based on the changes of a specified index.
An Adjustable Rate Mortgate where the reate can change at specific intervalls as stated by the note. The payment is subject to change throughout the term of the loan.
See: Adjustable Arm Mortgage.
Adjustable Rate Mortgage. Mortgage whose interest rate and monthly payments vary throughout its term. ARMs typically start with a low rate that can gradually rise over time. If the overall level of interest rate drops, as measured by a variety of different indexes, the rate of an ARM generally follows suit. Similarly, if interest rates rise, so does a mortgage's rate and monthly payment. The amount that the rate can rise or fall is limited by caps.
Adjustable Rate Mortgage. An "Adjustable Rate Mortgage" or ARM refers to the type of mortgage loan where the interest rate and monthly payments can be adjusted to rise and fall with market conditions. The interest rate and payments can be adjusted as frequently as once a month or you can adjust the principal loan balance or the loan term to reflect the rate change.
A mortgage in which the interest rate is adjusted periodically, based on the movement of a financial index.
ADJUSTABLE RATE MORTGAGE. interest rates on this type of mortgage are periodically adjusted up or down depending on a specified financial index.
ADJUSTABLE RATE MORTGAGE. A type of real estate loan in which either the interest rate charged or the length of the loan, or both, can change. Adjustable rate mortgages became very popular during the 1980s due primarily to the reluctance of lenders to quote a fixed interest rate loan to potential borrowers. By using an ARM, a lender is able to pass on the uncertainty of changes in interest rates to the borrower if rates change during the life of the loan. ARMs are normally tied to some index such as government securities.
Adjustable Rate Mortgage. A mortgage that allows for the lender to adjust the interest rate periodically, as agreed upon at the inception of the loan and based on a specific index plus a margin.
Adjustable Rate Mortgage. A mortgage where the interest rate is not fixed for the life of the loan. These mortgages adjust periodically based on an index that changes with market conditions. The rate of interest is the sum of the index plus a margin ( the margin remains fixed for the life of the loan). Most ARMs have periodic interest rate and payment caps, as well as a life cap. ARM's may also be referred to as AML's or VRM's.
Adjustable Rate Mortgage. The interest rate changes with market conditions on this real property loan on pre-determined dates.
Adjustable Rate Mortgage. Amortization Caps
Adjustable Rate Mortgage. A mortgage whose rate of interest can change over time.
ADJUSTABLE RATE MORTGAGE. A loan with an interest rate that changes with market conditions on predetermined dates.
ADJUSTABLE RATE MORTGAGE. Is a mortgage in which the interest rate is adjusted periodically based on a pre-selected index. ARM loans are also known as the re-negotiable rate mortgage or the variable rate mortgage.
A financing technique in which the lender can raise or lower the mortgage interest rate according to a set index, such as six-month Treasury bills.
Adjustable Rate Mortgage. Mortgage loan that provides for an adjustment of the interest rate at specified times.
Adjustable Rate Mortgage. A mortgage loan under which the interest rate is periodically adjusted to more closely coincide with current rates. The adjustments are determined and the rate reset based upon a specific index at fixed intervals during the loan term.
Adjustable Rate Mortgage. Adjustable mortgage loan (AML) or a variable rate mortgage (VML). This is a mortgage whose interest rate is tied to an economic index and fluctuates with the market.
Adjustable Rate Mortgage. A mortgage loan that allows the interest rate to be changed at specific intervals over the maturity of the loan. EXAMPLE: A person obtains an adjustable-rate mortgage to finance the purchase of a home. After a 2 year period, the lender may adjust the rate of interest on the loan in accordance with an established index.
Adjustable Rate Mortgage. A loan that has an interest rate and payment that change periodically based on a pre-selected index.
Adjustable Rate Mortgage. A adjustment mortgage loan in which the interest rate can move up or down depending on current financial market position.
Adjustable Rate Mortgages. Adjustable-rate mortgages are popular because they usually start with a lower interest rate, so your monthly payments are lower. This allows you to qualify for a larger mortgage than would be possible with a fixed-rate mortgage. The interest rate on an ARM is adjusted periodically based on an index that reflects changing market interest rates. There are many different types of ARMS. The most common versions we offer are as follows: 10/1 ARM, 7/1 ARM, 5/1 ARM, 3/1 ARM and 1/1 ARM. The first number represents the length of the initial period (how long it is until the first interest rate adjustment). For example, the interest rate on a 10/1 ARM will not change for the first 10 years but can change in the 11th year. People often plan to sell or refinance their home before the end of the initial period.
Adjustable Rate Mortgage. A mortgage whose interest rate is adjusted according to an index over a specific time period.
ADJUSTABLE RATE MORTGAGE. A mortgage with an interest rate that may change, usually in response to changes in the Treasury Bill rate or the prime rate. The purpose of the interest rate adjustment is primarily to bring the interest rate on the mortgage in line with market rates. The mortgage holder is protected by a maximum interest rate (called a ceiling), which might be reset annually. ARMs usually start with better rates than fixed rate mortgages, in order to compensate the borrower for the additional risk that future interest rate fluctuations will create.
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically according to a pre-selected index.
Adjustable Rate Mortgage. A mortgage where the interest rate is adjusted periodically based on a pre-selected index. Also known as a "floating rate mortgage."
Adjustable Rate Mortgage. A mortgage loan on which the interest rate can be changed periodically, based on increases or decreases in specified economic indicators.
Adjustable Rate Mortgage. Mortgage loan in which the interest rate is not fixed, but rather may change at specified intervals over the life of the loan.
A mortgage with an interest rate that may increase or decrease during the term of the loan, according to determined margins with limits on increases or decreases (called "caps").
ADJUSTABLE RATE MORTGAGE. The interest on an ARM may vary up or down at fixed intervals. The changes are tied to a financial index such as one-year Treasury notes. The ARM often offers a low beginning interest rate as a "teaser." However, this rate will go up after a certain time. If interest rates are low, an ARM may be a good option. This is especially true if its cap (the highest interest you may be charged) is not more than a few points higher than the current fixed rate. ARMs are of special interest to buyers who know their income will rise in the future or who don't plan to own the home for many years.
Adjustable Rate Mortgage. An adjustable rate mortgage is a mortgage in which the interest changes periodically, according to corresponding fluctuations in an index. All ARMs are tied to indexes.
Adjustable Rate Mortgage. ARMs are mortgages with interest rates that can vary over time. The interest rate is fixed for an initial period of time. For example, a 5/1 ARM has a fixed rate for the first 5 years. ARMs usually have a lower initial interest rate than a 30-year fixed-rate loan, but ARMs carry some risk since interest rates could rise after the initial period. View the tradeoffs with the Fixed vs ARM mortgage calculator.
Adjustable Rate Mortgage. A mortgage that permits the lender to periodically adjust the interest rate when the index changes.
Adjustable rate mortgage. This is the most common form of adjustable rate loan.
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically. The adjusted rate is arrived at by adding a predetermined margin to an agreed upon index, subject to certain limits called caps.
Adjustable Rate Mortgage. A mortgage with an interest rate that changes during the life of the loan according to movements in an index rate. Sometimes called AMLs (adjustable mortgage loans) or VRMs (variable-rate mortgages).
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically based on a designated financial index. Also known as variable rate mortgage. Which ARM is right for you
Adjustable Rate Mortgage. a mortgage in which the interest rate is adjusted periodically, based on a pre-selected index. It is also sometimes referred to as the renegotiable rate mortgage, variable rate mortgage, or Canadian rollover mortgage.
adjustable rate mortgage. A mortgage in which the interest rate changes periodically to coincide with fluctuations in a corresponding index. CircleLending ARMs are tied to the prime rate as reported in the Wall Street Journal.
Adjustable Rate Mortgage. A loan with an interest rate that changes periodically, to more closely coincide with current interest rates. The amounts and times of adjustment are agreed to at the inception of the loan. Typically, however, ARMs can increase two percentage points per year or six percentage points above the initial interest rate.
Adjustable Rate Mortgage. A loan where the interest rate may change during the life of the loan, based on the movement of an index, resulting in change in the payment amount
Adjustable Rate Mortgage. A home loan that permits the lender to adjust its interest rate periodically during the life of the loan. The interest rate will correspond with the rise and fall as the US Financial Market.
Adjustable Rate Mortgage. A mortgage loan with an interest rate that changes at regular intervals, based on an established index.
Adjustable Rate Mortgage. A loan program with a rate which adjusts periodically on the basis of changes in a scheduled payment plan or specified index. Sometimes called a Variable Rate Mortgage.
Adjustable Rate Mortgage. This is a type of mortgage in which the interest rate changes at set intervals throughout the term of the loan. These changes are based on the current market index plus a margin.
Adjustable Rate Mortgage. Mortgages with an interest rate that is adjusted periodically depending on a specified financial index.
Adjustable Rate Mortgage. A mortgage where you have agreed that your interest rate can be adjusted at specified intervals using a formula based on the federal prime rate.
Adjustable Rate Mortgage. A loan with an interest rate that fluctuates based on a specified financial index. Please review your contact for terms.
Adjustable Rate Mortgage. A mortgage that has a fixed interest rate for a specific period of time, but may adjust annually based upon the movement of a specified index.
Adjustable Rate Mortgage. Product with fixed rate for 1, 3, 5, 7, 10 years. After designated fixed duration, rate adjusts 2 points per year with a maximum cap of 6 points higher than the start rate.
A loan with an interest rate that is periodically adjusted to reflect changes in a specified financial index.
Adjustable rate mortgage. With an adjustable rate mortgage, the interest rate will change, usually at preset intervals and by preset or maximum levels.
Adjustable Rate Mortgage. These are adjustable rates that can change during the course of a loan's term. Most ARM's in the U.S. are called "indexed ARM's" and fluctuate according to an index which the lender has no control over.
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically in accordance with a market indicator, to more closely coincide with the current rates. Also sometimes known as renegotiable rate mortgage, the variable rate mortgage, or the graduated rate mortgage.
Adjustable Rate Mortgage. A mortgage in which the interest rate changes over time, based on an index.
Adjustable Rate Mortgage. See Variable Rate Mortgage.
Adjustable Rate Mortgage. A loan in which the interest rate is periodically adjusted according to movements in a preselected index, such as Treasury Bill rates.
a mortgage loan subject to changes in interest rates. When rates change, ARM monthly payments increase or decrease at intervals determined by the current interest rate and the caps defined by the lender at the time of your loan closing.
(Adjustable Rate Mortgage) A mortgage loan on which the interest rate changes with prevailing rates which is directly reflective in a home ownerâ€(tm)s monthly mortgage payment. These loans are tied into various publicly available indexes.
A mortgage with an interest rate that changes at pre-defined timeframes based on the sum of an index and margin.
Adjustable Rate Mortgage. Mortgage for which the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.
ADJUSTABLE RATE MORTGAGE. A specific type of mortgage loan where the interest rate and payments may be periodically adjusted (increased or decreased) over the life of the loan. This adjustment is determined by a pre-selected published index.
Adjustable Rate Mortgage. A mortgage in which the interest rate changes periodically during the life of the loan according to the movement of a pre-selected index.
Adjustable rate mortgage. An adjustable rate mortgage (ARM) is calculated on a 30-year basis. The rates adjust at scheduled intervals. An ARM starts with a fixed-rate period and adjusts thereafter. Example: fixed for 3 years, then adjusts every year.
Adjustable rate mortgage. A mortgage in which the interest rate is adjusted periodically and based on a pre-selected index, such as Treasury securities.
Adjustable Rate Mortgage. A mortgage loan in which the interest rate is not constant over the life of the loan, but is adjusted periodically according to a predetermined formula or index.
Adjustable Rate Mortgage. A mortgage whose interest rate changes over time based on a pre-determined economic index.
Adjustable Rate Mortgage. A loan for which the interest rate is subject to change on a periodic basis (i.e. every 1, 3, or 5 years).
adjustable rate mortgage. mortgage in which rates/payments vary according to the current rate of interest. Many offer lower-than-market initial interest rates that rise only gradually for the first few years.
Adjustable Rate Mortgage. A mortgage in which the lender adjusts the interest rate periodically according to a spcified index.!-- google_ad_client = "pub-8599861296960561"; google_ad_width = 180; google_ad_height = 90; google_ad_format = "180x90_0ads_al"; google_ad_channel ="1891482732"; google_color_border = "FFFFFF"; google_color_bg = "FFFFFF"; google_color_link = "0000FF"; google_color_url = "008000"; google_color_text = "666666";
Adjustable Rate Mortgage. A mortgage loan that has an interest rate that changes periodically based on economic indexes. The interest rate of an ARM loan is initially lower than a fixed rate loan.
An adjustable rate mortgage, commonly referred to as an ARM, is a loan type that allows the lender to adjust the interest rate during the term of the loan. Generally, these changes are determined by a margin and an index so that the interest rate changes, up or down, are based on market conditions at the time of the change. Most often these interest rate changes are limited by a rate change cap and a lifetime cap. If you apply for an adjustable rate mortgage, the lender is required to provide you with an ARM Program Disclosure, which spells out the terms of the loan.
Adjustable Rate Mortgage. A loan where the interest rate can change according to the index, caps, and margin.
Adjustable Rate mortgage. A financing technique in which the lender can raise or lower the interest rate according to a set index.
Adjustable Rate Mortgage. A mortgage loan that allows the interest rate to fluctuate over the maturity of the loan. Two of the benefits of an ARM are that the initial rate is lower than most other types of loans and these loans are usually assumable.
Adjustable Rate Mortgage. A mortgage whose interest rate increases and decreases in direct proportion with the national interest rate. As a result, monthly mortgage payments can raise or lower depending on whether the national interest rate goes up or down. A cap or limit is usually placed on the interest rate to prevent it from rising indefinitely.
Adjustable Rate Mortgage. An ARM is a mortgage with an interest rate that changes at pre-determined intervals. Which rises or drops in relation to changes in a specific financial index.
Adjustable Rate Mortgage. A mortgage loan with an interest rate that increases or decreases periodically during the time it takes you to pay the loan back. The changes in the interest rate will usually happen once a year, and are based on how much the average interest rate rises and falls in the marketplace during that time. Usually, ARMs come with safety features called "caps" that prevent your payments from changing too drastically, even if the average interest rates rise or fall sharply in that period. The terms, adjustment schedule, and index are agreed upon at the inception of the loan.
Adjustable Rate Mortgage. An adjustable rate mortgage is a mortgage that can vary (up or down) over the life of the loan in relationship to changes in the index (ARMs are sometimes called variable rate mortgages). Typically, the initial mortgage interest rate on ARMs are lower than those for fixed rate mortgages; however, over time, since rates on ARMs can vary over the life of the mortgage, a fixed rate loan may eventually have a lower interest rate. Your lender can provide you with details regarding the mortgage programs that are available.
Adjustable Rate Mortgage. A type of mortgage loan program in which the interest rate and payments may be adjusted as frequently as every month. The principal loan balance or term of the loan may also be adjusted to reflect the rate change. The purpose of the program is to allow mortgage interest rates to fluctuate with market conditions.
Adjustable Rate Mortgage. Is a mortgage in which the interest rate is adjusted periodically based on a preselected index. Also sometimes known as the re-negotiable rate mortgage, the variable rate mortgage or the Canadian rollover mortgage.
adjustable rate mortgage. A variable or flexible rate mortgage with an interest rate that varies according to the financial index it is based upon. To limit the borrower's risk, the ARM may have a payment or rate cap. See also: cap.
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjustable periodically based on a pre-selected index. This often has lower monthly payments, and it also has a ceiling above which payments cannot go.
Adjustable rate mortgage. Also known as variable rate, an ARM is a mortgage with interest rates that may fluctuate up or down periodically, according to the index upon which it is based. Most ARMs will have a limit on the amount that the rate can vary. See index, interest cap and payment cap.
Adjustable Rate Mortgage. A mortgage that lets the lender adjust the interest rate periodically according to a pre-selected index. Payments may go up or down according to this adjustment.
ADJUSTABLE RATE MORTGAGE. Is a mortgage in which the interest rate is adjusted periodically based on a pre-selected index, and margin that is added to the index, to determine the rate upon the date of adjustment. Usually a one year term, with a cap on each adjustment, and a lifetime overall cap.
Adjustable Rate Mortgage. A loan with an interest rate that fluctuates according to the movements of a predetermined index.
Adjustable Rate Mortgage. An adjustable-rate mortgage loan is classified as a loan with a fluctuating interest rate. In other words, the interest rate shifts up and down as market conditions change. Typically, an ARM will afford a lower initial interest rate, but your mortgage payments may change (usually semiannually or annually).
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically based on a pre-selected index. Interest rate and payments fluctuate to match current market interest rates.
Adjustable Rate Mortgage. A mortgage which begins with a low interest rate, fixed for a specified initial period of the loan term, then "adjusts" at specified intervals during the remainder of the loan term. Adjustments are based on an "index" (the value of which can change over time) plus a "margin." The index plus the margin determine the fully adjusted rate, which is typically subject to certain limits (ceilings and floors). These limits are referred to as "caps."
Adjustable Rate Mortgage. Mortgage in which the rate of interest is adjusted based on a standard rate index. Most ARMs have a cap on how much the interest rate may increase.
Adjustable Rate Mortgage. A variable rate mortgage with an interest rate that adjusts periodically. This interest rate will adjust to a rate equal to the "margin" plus the financial index that your loan is based upon.
ADJUSTABLE RATE MORTGAGE. A loan that allows the lender to adjust the borrower's interest rate and payments at specified times and within specified limits. Below-market starting interest rates are typical.
Adjustable rate mortgage. The interest rate on this mortgage changes each term in good times and bad. This is a good mortgage to have if you don't plan to stay in your home forever. (aka, variable rate mortgage.)
Adjustable Rate Mortgage. This is a mortgage where the interest rate is not fixed for the entire term of the loan. The interest rate is tied to an index (plus an added margin), and is adjusted at specified time intervals (the adjustment period). Typically there is a limit on how much the interest rate can rise or fall in a given adjustment period, and there may also be a lifetime cap that sets a maximum rate.
Adjustable Rate Mortgage. A mortgage linked to a financial index in which monthly payments can vary over the course of the loan, usually 25 or 30 years.
Adjustable Rate Mortgage. A mortgage with an interest rate that changes periodically,according to an "index", such as Treasury Bills. Monthly payments cango up or down when the rate is adjusted.
See Adjustable Rate Mortgage (ARM)
Adjustable rate mortgage. Adjustable rate preferred stock (ARPS) Adjusted balance method
Adjustable rate mortgage. Also known as a variable rate mortgage, the interest rate on this mortgage changes each term in good times and bad. This is a good mortgage to have if you don't plan to stay in your home fo
Adjustable Rate Mortgage. A mortgage whose rate of interest is set for a period of time, and then becomes open for changes according to a predetermined financial index. There is generally a maximum amount that the rate may increase both in a year's time and for the life of the loan.
ADJUSTABLE RATE MORTGAGE. A mortgage loan which bears interest at a rate subject to change during the term of the loan.
Adjustable Rate Mortgage. An adjustable (variable) rate mortgage loan has interest rates that are adjusted periodically based on changes in a selected index. As a result, your monthly payment may increase or decrease as result of changes in the overall interest rates.
Adjustable Rate Mortgage. The interest rate on these loans fluctuates periodically in response to changing market conditions. As the interest rate fluctuates, your mortgage payment will be adjusted up or down. Rate and payments adjust at the end of 1, 3, or 5 years, and every year thereafter. The initial rate on the one-year ARM is typically 2%–3% below fixed rate loans.
Adjustable rate mortgage. A mortgage with an interest rate that may change in response to Treasury bill rates or other predetermined index. For instance, when the Federal Reserve raises interest rates and you have an adjustable interest rate mortgage, your monthly payment will increase.
Select to calculate an adjustable rate mortage.
Adjustable Rate Mortgage. A mortgage with an interest rate that periodically adjusts, up or down with the movement of a specified index.
Adjustable Rate Mortgage. A home loan where the interest rate can go up or down at certain periods stated in the loan document during the time you are repaying the loan.
Adjustable rate mortgage. Is a mortgage in which the interest rate is adjusted periodically based on a preselected index and time adjustment (1 month, 6 months 1 year). Also sometimes known as the variable rate mortgage. See One Year Adjustable.
Adjustable Rate Mortgage. A mortgage loan which allows the lender to adjust the interest rate periodically in accordance with a stated index and as agreed to at the inception of the loan by all parties. (Also known as variable rate mortgages)
Adjustable Rate Mortgage. A home loan whereby the lender may adjust the interest rate periodically during the life of the loan based upon changes in a specified financial index.
ADJUSTABLE RATE MORTGAGE. A loan that allows the lender to adjust the borrower's interest rate and payments at prescribed times and sometimes with prescribed limits. Lower interest rates are customary.
Adjustable Rate Mortgage. A mortgage in which the interest rate fluctuates during the life of the loan according to general economic conditions. A financial "index" is the basis that the lender uses to determine changes in the interest rate. There is typically a "cap" or limit on how much the interest rate can change annually and over the life of the loan.
Adjustable Rate Mortgage. A mortgage where the interest rate fluctuates over the life of the loan. Back to Glossary Index
Adjustable Rate Mortgage. Also known as a variable rate mortgage. This is a type of mortgage where the interest rate changes periodically. As a result, the principal and interest payments may vary over the life of the loan. This is because the loan is linked to a financial index. The lower initial payments may make it easier for buyers to qualify.
Adjustable Rate Mortgage. A mortgage with an interest rate that is periodically adjusted up or down, depending on a specific index.
Adjustable Rate Mortgage. An adjustable rate mortgage (ARM) allows the lender to adjust the interest rate of the loan. Usually these changes are dictated by the market conditions that exist. Most ARM's are limited by a rate change cap and a lifetime cap.
Adjustable Rate Mortgage. Loan in which the interest rate is periodically increased or decreased to reflect changes in the cost of money.
Adjustable Rate Mortgage. Is a mortgage in which the interest rate is adjusted periodically based on a pre selected index. Also sometimes known as the renegotiable rate mortgage, the variable mortgage or the Canadian roll over mortgage.
ADJUSTABLE RATE MORTGAGE. Interest rates and monthly payments are adjusted periodically during the life of the loan to correspond with changes of the money market. The initial interest rate is lower than that of a fixed rate mortgage. A cap limit by which either the rate or the payment can change.
Adjustable Rate Mortgage. The interest rate on this type of mortgage loan varies during life time of the loan.
Adjustable Rate Mortgage. A mortgage loan which adjusts to changes in interest rates. As rates change, ARM monthly payments increase or decrease determined by the lender, but generally subject to a maximum/cap.
Adjustable Rate Mortgage. a mortgage tied to an index that adjusts based on changes in the economy.
ARM stands for adjustable-rate mortgage. With this type of mortgage, the interest rate and payment can fluctuate to reflect the current market trends.
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically according to a preselected index. Payments may go up or down accordingly.
Adjustable Rate Mortgage. A mortgage on which the 'interest' rate charged may change, up or down, according to a predetermined index.
ADJUSTABLE RATE MORTGAGE. Also known as a Variable Rate Mortgage, a loan secured against land which has an interest rate that changes according to some outside index -- such as the federal prime rate or the interest rate paid on government bonds -- over the term of the mortgage. The change in interest rate will result in a change in the periodic payments due under the mortgage.
Adjustable Rate Mortgage. A mortgage with a variable interest rate, usually tied to an index such as the prime rate.
An adjustable rate mortgage--that is, a loan whose interest rate may adjust over time depending on certain factors or a pre-determined formula.
Adjustable Rate Mortgage. A loan with an adjusted interest rated determined by a pre-selected index.
Adjustable Rate Mortgage. Type of loan whose prevailing interest rate is tied to an economic index (ie one-year Treasure Bills), which fluctuates with the market. There are three (3) types of ARMs – one-year ARMs, which adjust every year; three-year ARMs, which adjust every three years; and five-year ARMs, which adjust every five years. When the loan adjusts, the lender tracks a margin onto the economic 9ndex rate to come up with your loan's new rate. ARMs are considered far riskier than fixed-rate mortgages, but their starting interest rates are extremely low, and in the past five to ten years, people have done very well with them.
Adjustable Rate Mortgage. A mortgage that is assigned an initial interest rate. The interest rate will adjust periodically according to certain factors, including the index that it is tied to. One of the main benefits of an ARM is that the interest rate is often lower than a standard 30-year fixed-rate mortgage, and may provide the borrower with more payment flexibility.
Adjustable Rate Mortgage. A loan by which the monthly payment may adjust (increase or decrease) over the life of the loan based upon the loans interest rate index, margin, etc. ARMs are tied to indices such as a one-year Treasury note or 6 month Treasury bill. The adjustment periods vary, for example every 6 months or once per year, depending on the terms of the loan.
Adjustable Rate Mortgage. mortgage loan with an interest rate that changes periodically. The change in rate is based upon the changes in a specified . The frequency of change is usually every 6 months or every year but differs from loan program to loan program.
Adjustable Rate Mortgage. With an ARM, the interest rate is tied to a leading economic indicator such as the one-year Treasury Bill rate or the cost of funds for an area. The index, plus a margin, typically 2.0 percentage points, determines what the new interest charges will be. In exchange for allowing the lender to adjust the interest rate, borrowers get an initial rate that is lower than fixed-rate loans. The lower initial rate makes it easier to qualify, because the initial monthly payments are smaller. Rate adjustments are made at regular intervals through out the term of the loan, usually every year. Make sure you know which index to which the rate is tied, and follow the index yourself in the newspaper. Typically an ARM has an interest rate cap, which limits how much of a rise you can get in any one year and over the total life of the loan. Most ARMs have annual caps of two percentage points and six percentage points over the life of the loan. This is a great product for first time home buyers.
Adjustable Rate Mortgage. Periodically adjusted interest rate.
Adjustable Rate Mortgage. This is a mortgage rate that is variable. It changes every so often, depending on the current fluctuation of market conditions.
A mortgage that has an initial rate that adjusts periodically, in accordance with a current interest rate index (a predetermined margin is added to the index to compute the interest rate). Payments can be low if interest rates are low and will increase as rates rise. CAPS govern the limit an ARM loan's rate can adjust to at one time and over the life of the loan. Generally, ARMs have lower rates than fixed-rate mortgages and are easier to qualify for - but because they're based on changing interest rates, your payment amounts can be unpredictable. ARM types include Two-Step and Convertible ARM.
Adjustable Rate Mortgage. A mortgage loan where interest rate adjusts according to a market index. This means as the interest rate goes up or down, so does your mortgage payment.
ADJUSTABLE RATE MORTGAGE. A mortgage loan that allows the interest rate to be changed or adjusted at specific periods over the entire life of the loan.
Adjustable Rate Mortgage. A mortgage that changes interest rate periodically according to a pre-selected index. The 3 most popular are based on the 1 Year Treasury Bill, the Cost of Funds Index (COFI) and the London InterBank (LIBOR). There is a new index, the Cost of Savings Index (COSI) that is extremely stable and offers many benefits to the savvy home owner.
ADJUSTABLE RATE MORTGAGE. A mortgage that permits the lender to adjust its interest rate periodically on the basis of changes in a specified index.
'Adjustable Rate Mortgage' A loan in which the interest rate and payment can vary over the course of the loan. There are many variations to the way the loan can adjust (see 'Types of Loans'). The adjustment periods are specified and the amount of the adjustment is subject to 'caps' or limits on the amount the loan rate can adjust within the specified time periods.
Adjustable Rate Mortgage. The Adjustable Rate Mortgage or ARM is a mortgage in which the interest rate is adjusted periodically based on a pre-selected index. The index is for example the one-year treasury, CD rates or even cost of funds as measured in a defined geographical area. Also referred to as the variable rate mortgage.
ADJUSTABLE RATE MORTGAGE. A loan that has an interest rate which changes periodically based on the sum total of an index plus a margin.
Adjustable Rate Mortgage. A mortgage in which the interest rates varies during the term of the mortgage. Also called a Variable Rate Mortgage.
Adjustable Rate Mortgage. Refers to a mortgage with has a note rate that fluctuates during the life of the loan based on an index and specified parameters, such as margins, caps, etc.
Adjustable Rate Mortgage. Loans where interest rates go up or down, usually annually. Advantages: Initial rate generally lower than on a fixed rate mortgage; limits on how much a rate can go up at one time; buyers can qualify for larger loan amounts. Good for buyers whose income should grow and who plan to move in a few years.
Adjustable Rate Mortgage. ARMs are mortgages where the rate of the loan changes during the life of the loan. Rates usually change at one-, two-, three-, or five-year intervals. The rate changes based on changes in an index like Treasury Bills, LIBOR, or a national or regional average cost of funds index (which index your loan follows depends on the terms of your loan). With an ARM, your payments on your loan fluctuate depending on the index your loan follows.
Adjustable Rate Mortgage. A mortgage loan in which the interest rate is subject to periodic adjustment up or down according to the movement of a pre-arranged index — such as the Cost of Funds Index or an institution's cost of providing savings accounts (see Interest Rate, , Fixed Rate Mortgage, Cost of Funds Index).
Adjustable Rate Mortgage. A mortgage with and interest rate that fluctuates according to the movements of a predetermined index. There are several types of ARM's, some change quicker than others, but all have a ceiling cap.
Adjustable Rate Mortgage. A mortgage for which the interest rate and the payments may change over the life of the loan. WHEDA does not offer adjustable rate mortgages. (See Fixed Interest Rate.)
Adjustable rate mortgage. A mortgage on which the interest rate, after an initial period, can be changed by the lender. ARMs base rate changes on a preselected interest rate index over which the lender has no control. These are indexed ARMs. There is no discretion associated with rate changes on indexed ARMs.
Adjustable Rate Mortgage. A mortgage on which the interest rate may be adjusted up or down based upon a change in a readily verifiable index. Rate adjustments may be implemented through changes in the payment amount, in the outstanding loan balance or in the term of the loan.
Adjustable Rate Mortgage. A type of mortgage that includes terms that allow for interest rate changes at predetermined times (e.g. annually).
ADJUSTABLE RATE MORTGAGE. A mortgage loan with an interest rate that fluctuates in accordance with a designated market indicator--such as the weekly average of one-year U.S. Treasury Bills--over the life of the loan. To avoid constant and drastic fluctuations, ARMs typically limit how often and by how much the interest rate can vary.
Adjustable Rate Mortgage. The rate is based on a market index, which fluctuates with market conditions plus a margin to determine the actual interest rate. This total interest rate normally has both a short-term (semi-annual or annual) and lifetime "cap," or limit.
Adjustable Rate Mortgage. A loan that allows the interest rate to periodically be adjusted up or down, depending on a specified financial index.
Adjustable Rate Mortgage. A mortgage that allows periodic adjustments of the interest rate in keeping with a fluctuating market. The loan rate is tied to an external money market indicator, or index such as the Wall Street Journal prime rate or the 90-day Treasury bill rate. The loan rate and the monthly payment fluctuates, based on changes to the index rate and the term agreed upon in the note.
Adjustable Rate Mortgage. A mortgage where the lender is able to change the interest rate periodically throughout the term of the loan. For more information see Adjusted Rate Mortgage.
Adjustable Rate Mortgage. Also referred to as a Variable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically based on a pre-selected index.
This is a mortgage with a rate that is fixed for a specific initial period, but which adjusts at a specific frequency based on the given index. ARMs are usually expressed as the following examples: 1/1 ARM - A mortgage with a fixed rate for one year that adjusts annually thereafter. 3/1 ARM - A mortgage with a fixed rate for three years that adjusts annually thereafter. 3/3 ARM - A mortgage with a fixed rate for three years that adjusts every three years. 5/1 ARM - A mortgage with a fixed rate for five years that adjusts annually thereafter. 7/1 ARM - A mortgage with a fixed rate for seven years that adjusts annually thereafter. 10/1 ARM - A mortgage with a fixed rate for ten years that adjusts annually thereafter.
Adjustable Rate Mortgage. A mortgage on which the rate of interest, and therefore the size of the monthly payment, is adjusted up and down in line with movements in interest rates.
Adjustable Rate Mortgage. A home loan whose payments adjust periodically based on the rise and fall of interest rates. These adjustments usually occur within predetermined limits called CAPS. Typically these loans offer a lower interest rate initially.
Adjustable Rate Mortgage. Adjusted Basis
Adjustable Rate Mortgage. A type of mortgage in which the interest rate adjusts from time to time according the current market rate. Monthly mortgage payments can increase or decrease over the life of the loan. Also known as the renegotiable rate mortgage, the variable rate mortgage or the Canadian rollover mortgage.
Adjustable Rate Mortgage. A mortgage in which the interest rate is fixed for a disclosed period of time, and then adjusts according to a set index and margin determined by the lender and specific loan program.
Adjustable Rate Mortgage. mortgage loan subject to changes in interest rates; ARM monthly payments may increase or decrease at specific intervals determined by the lender, and disclosed at inception of the mortgage. ARMâ€(tm)s interest percentage rate is tied to either the T-Bill or Treasury Note and there is a cap on the changes over the life of the loan.
Acronym for adjustable-rate mortgage.
See Aadjustable Rate Mortgage. A mortgage instrument with an interest rate that is periodically adjusted to follow a preselected published index. The interest rate is adjusted at certain intervals during the loan period.
Adjustable Rate Mortgage. A mortgage with an interest rate that changes over time according to the index it is tied to.
Adjustable Rate Mortgage. This is a loan to buy property. The loan has an interest rate that can go either up or down, based on a certain formula. Most of the time, the formula is tied to the Federal Reserve System. So, if the Federal Reserve's interest rate goes up, your interest rate goes up and vice versa. People like ARMs because the starting interest rate is often lower than fixed rates. But, they can also climb pretty high. Read your mortgage contract and ask questions.
Adjustable Rate Mortgage. A type of mortgage where the principle and interest payments may vary over the life of the loan. This is because the loan is linked to a financial index. The lower initial payments may make it easier for buyers to qualify. Typically ARMS have an initial fixed period and then adjust after the term of the initial fixed period has passed (e.g., a 2/28 Is fixed for a period of 2 years, at the end of the 2 year period the interest rate may adjust).
ADJUSTABLE RATE MORTGAGE. Adjustable mortgage loan (AML), or a variable rate mortgage (VML). This is a mortgage whose interest rate fluctuates with the cost of money.
adjustable rate mortgage. Mortgage loans in which the interest rate is adjusted periodically based on predetermined factors such as an assigned index or designated market factor (such as the weekly average of US Treasury Bills over a one-year period). There is typically a limit to how often and by how much the interest rate can fluctuate. Also known as renegotiable rate mortgages or variable rate mortgages. The adjustment date is the date the interest rate changes. The adjustment interval (or adjustment period) is the time between changes in the interest rate and/or the monthly payment (typically one, three or five years).
Adjustable Rate Mortgage. The interest rate on this mortgage rises and falls with changes in certain published indexes such as the Prime Rate, treasury notes, etc. An ARM may start out with a lower interest rate for a certain period of time, after which your mortgage payments may adjust periodically (adjustment period). There is usually a cap as to how high the rates can rise over the life of the loan, typically one year, three years or five years.
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically based on a pre-selected index. This product generally comes with a lower initial interest rate than 30 year fixed products.
(see adjustable-rate mortgage)
ADJUSTABLE RATE MORTGAGE. A mortgage without an expressed fixed rate. This kind of mortgage has a rate that adjusts up or down according to some specified economic index. Also called a variable-rate mortgage (VRM).
Adjustable Rate Mortgage. A loan in which the interest rate is adjusted periodically based on changes in a pre-selected index. Based on the index fluctuations, the rate and payments on an ARM loan rise and fall with the market.
Adjustable Rate Mortgage. A mortgage with an interest rate that floats up or down, depending on the current market, which may cause the monthly payment to adjust up or down accordingly.
Adjustable Rate Mortgage. A loan whose interest rate is adjusted according to movements in the financial market.
Adjustable rate mortgage. a mortgage loan with interest rate and payments that vary throughout the loan life. The interest rate usually start with a low percentage and gradually increases. The percentage rate is determined by various known indexes.
Adjustable Rate Mortgage. Loans that usually start with an interest rate lower than 15 or 30 Year Fixed Mortgage loans. On ARMs interest rates will change based on a specific index.
Adjustable Rate Mortgage. A mortgage in which the interest rate changes periodically based on a pre-selected financial index. Most ARMs have caps on how much an interest rate may increase. Also known as variable rate mortgage.
A loan in which the interest rate may fluctuate, increasing or decreasing, during the course of the loan.
Adjustable Rate Mortgage. A loan whose interest rate can change according to a formlula over the life of the loan.
Adjustable Rate Mortgage. Mortgage loan with an interest rate that changes every 6 months or so, adjusting up or down with the market. It usually has a "cap", or maximum interest rate. ARMs are compared to fixed rate mortgages.
Adjustable Rate Mortgage. A mortgage where the interest rate changes during the life of the loan in line with movements in an rate. You may also see ARM's referred to as AML's or VRM's.
Adjusted Rate Mortgage. Mortgage agreement between a financial institution and a real estate buyer stipulating predetermined adjustments of the interest rate at specified intervals, usually one, three, or five years. Payments are tied to some index outside the control of the bank or savings and loan institution, such as the interest rates on U.S. Treasury bills or the average national mortgage rate. Borrowers get lower rates at the beginning of the ARM than they would if they took out a fixed rate mortgage covering the same term.
Adjustable Rate Mortgage. A type of mortgage loan on which payments may be adjusted as frequently as each month based on changes in the ARM interest rate index. (Each individual contract may stipulate interest rate limits and frequency of payment adjustments, known as caps.)
Adjustable Rate Mortgage. A mortgage on which the interest rate, after an initial fixed period adjusts periodically based on a specified index (LIBOR, COFI, Prime Rate). Typical initial fixed periods are for 1 year, 3 years or 5 years. A predetermined margin is added to the index to compute the interest rate. Also called a Variable Rate Mortgage.
Adjustable rate mortgage. A mortgage in which the interest rate is not fixed but is tied to an index and is periodically adjusted as the rate index moves up and down. The initial rate is lower than the fixed rate mortgage. Such ARMs commonly provide for an option to convert to a fixed rate mortgage.
Adjustable Rate Mortgage. A mortgage that allows the lender to adjust the mortgage's interest rate based on changes to a pre-selected index. When rates change, the mortgage's monthly payments will increase or decrease, but are usually subject to a cap.
ADJUSTABLE RATE MORTGAGE. A mortgage in which the interest rate is adjustable, meaning that the rate can go up or down, periodically, based on a pre-selected index. Often that index is the prime interest rate.
Adjustable Rate Mortgage. A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or margin, over the index, usually subject to per-interval and to life-of-loan interest rate and/or payment rate caps.
ADJUSTABLE RATE MORTGAGE. The interest can change periodically up or down. ARMs usually offer lower initial interest rates. Great for first time homebuyers. Credit Union offers 1 year and 5 year ARMs.
Adjustable Rate Mortgage. A type of mortgage rate loan whose interest rate changes periodically up or down, usually once or twice a year. Amortization: Gradual debt reduction. Normally, the reduction is made according to a predetermined schedule for installment payments.
Adjustable Rate Mortgage. These loans feature periodic interest rate and payment changes.
Adjustable Rate Mortgage. A loan with an interest rate that can be changed periodically, based upon increases or decreases in a specified economic index.
Adjustable Rate Mortgage. Adjustable rate mortgages are designed to keep your starting mortgage payments affordable. Shorter term adjustable rate mortgages offer the advantage of lower initial interest rates. Longer term ARMs offer more payment stability. If you plan to own your home for 3-5 years, a shorter term ARM may be right for you. On the other hand, if you plan on staying in your home for several years, longer than seven years, than the longer term ARMs would be more appropriate. Most ARMs contain specific consumer safeguards such as interest rate caps, which limits the level the interest rate can rise.
A mortgage which permits the lender to adjust the interest rate upwards or downwards in accordance with a specified index.
adjustable rate mortgage. A mortgage that changes interest rate periodically based upon the changes in a specified index.
Adjustable Rate Mortgage. A loan in which interest rate is adjustable periodically according to a preset group of rules. Start rates, margins, and indices can be negotiated between borrower and lender.
Adjustable Rate Mortgage. A mortgage loan whose interest rate fluctuates according to the movements of an assigned index or designated market indicator--such as the weekly average of one-year US Treasury Bills--over the life of the loan. To avoid constant and drastic fluctuations, ARMs typically limit how often and by how much the interest rate can vary.
Adjustable Rate Mortgage. A mortgage which the interest rate is not fixed but can change periodically based on changes in a financial index. Usually, a Adjustable Rate Mortgage has a cap on how much the interest rate can fluxuate in a given period and over the life of a mortgage. Common financial indexes that interest rates are tied to include, the interest rate on different US Treasury Bonds. There is an excellent brochure available by the Federal Reserve here.
Adjustable Rate Mortgage. is a mortgage where the interest rate, and generally the payments, may change over the life of the loan. The interest rate is adjusted to match the rise or fall of a pre-selected interest rate index, and the regular monthly payments increase or decrease accordingly. The initial rate of an ARM is lower than a fixed rate mortgage which lets the borrower buy more house for the same monthly payment. The trade-off is the risk of higher payments later on. ARMs payments may be fixed for a period up to seven years before they begin adjusting. The frequency of adjustments, the limit for each adjustment and the maximum amount of adjustment varies from mortgage to mortgage.
Adjustable Rate Mortgage. monthly mortgage loan in which the installments are varied as the interest rate is periodically adjusted based on an index; the margin stays the same; same as Variable Rate Mortgage.
Adjustable Rate Mortgage. A mortgage with an interest that changes over time in line with movements of an index.
ADJUSTABLE RATE MORTGAGE. A mortgage loan that allows the interest rate to be changed at specific intervals over the maturity of the loan according to an index that is selected when the mortgage is issued.
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically based on an index. Also called a variable rate mortgage.
An adjustable-rate mortgage (ARM) that has an initial interest rate for (fill in the blank – usually 1, 3, 5, or 7) years, and thereafter has an adjustment interval of one year. The adjustment is based on a comparison of interest caps and the indexed rate.
Adjustable Rate Mortgage. This type of mortgage has an interest rate that will change over time. Typically the interest rate will be lower than fixed mortgage products.
Adjustable Rate Mortgage. A mortgage in which the interest rate changes at certain intervals during the term of the loan.
Adjustable Rate Mortgage. A mortgage with an interest rate that changes over time in line with movements in the index. ARMs are also referred to as AMLs (adjustable mortgage loans) or VRMs (variable rate mortgages).
A home loan with an interest rate that periodically adjusts to reflect changes in a specified financial index.
Adjustable Rate Mortgage. A mortgage whose interest rate is periodically adjusted to more closely coincide with current rates based on an index.
Adjustable Rate Mortgage. A loan for which t
Adjustable Rate Mortgage. Mortgage agreement between the credit union and a real estate buyer stipulating predetermined adjustments of the interest rate at specified intervals.
adjustable rate mortgage. Mortgage in which the interest rate is periodically adjusted based on the movement of a preselected index.
Adjustable Rate Mortgage. Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically.
Adjustable Rate Mortgage. Any mortgage with an adjustable interest rate during the term of the loan. The interest rate is fixed for a specific period of time and then adjusts to an index rate plus a margin. For example, a 7/1 would be a seven year fixed rate then adjusted every year thereafter.
See Adjustable rate mortgage. Back
Adjustable rate mortgage. A loan in which the interest rate adjusts periodically according to a predetermined index and margin resulting in increased or decreased loan payments. Also called a variable rate loan.
Adjustable Rate Mortgage. A mortgage with changing interest rates over time according to an index. Also called adjustable mortgage loan or variable rate mortgage
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically based on a pre-selected index. Subject to certain limitations, the rate and payments on an ARM loan rise and fall with the market.
Adjustable Rate Mortgage. Based off a pre-selected index the mortgage interest rate will be changed periodically. (AKA: Canadian rollover mortgage, re negotiable rate mortgage, or variable rate mortgage.)
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically according to a preselected index. Adjustments may occur at different intervals depending upon the loan program. Some adjust yearly while others may stay fixed for a term of one, three, five or seven years then adjust yearly. The terms, adjustment schedule and index that the loan is based upon vary by loan program. To protect the borrower, "caps" are put into place to limit the amount of payment adjustment.
ADJUSTABLE RATE MORTGAGE. A mortgage which permits the lender to adjust the interest rate periodically based on the movement of a specified index.
Adjustable Rate Mortgage. A mortgage where interest rates will fluctuate with changes in the market. As rates increase in the indexes, the mortgage interest rate will also increase, and vice versa. ARMs will generally have a maximum rate to protect the borrower from dramatic rate increases.
Adjustable Rate Mortgage Asbestos Once a common form of insulation for hot-water pipes. Frequently removed by specialists if frayed, but left in place if properly sealed. Assessed value value against which a property tax is imposed. The assessed value is often lower than the market value due to state law, conservative tax district appraisals, and infrequent appraisals. Assets How a banker measures the value of your possessions, such as money or cars, and commitments due to you, such as salary or alimony. Assets are offset by liabilities to determine your net worth.
Adjustable Rate Mortgage. A mortgage with an interest rate that changes over time tied to a particular index.
Adjustable Rate Mortgage. A loan which has a variable interest tied to a pre determined index, usually LIBOR or T-Bill
Adjustable Rate Mortgage. The total finance charge (interest, loan fees, points) expressed as a percentage of the loan amount.
Adjustable Rate Mortgage. a mortgage with an interest rate that changes periodically, according to an index that is selected when the mortgage is issued. The initial interest rate is lower than that for fixed rate mortgages, but monthly payments can go up or down when the rate is adjusted.
Adjustable rate mortgage. An interest rate that can change periodically. As rate move up and down the rate on your mortgage can also go up and down during the term. As a result the monthly payment can also rise and fall with the change in interest rates. The most common type of variable rate mortgage (VRM) is prime rate less .9%.
(Adjustable Rate Mortgage)- a loan where the interest rate is adjusted at specific periods of time. The ajusted interest rate will reflect any changes in the loan index rate.
Adjustable Rate Mortgage. A mortgage whose interest rate changes over time based on an index and a margin. Rate changes are made at prescribed times and within prescribed limits (caps) as defined in the mortgage contract.
See Adjustable Rate Mortgage Loans.
Adjustable Rate Mortgage. A mortgage loan or deed of trust which allows the lender to adjust the interest rate in accordance with a specified index periodically and as agreed to at the inception of the loan.
Adjustable Rate Mortgage. Mortgage with an interest rate that can change as often as specified in the loan agreement.
Adjustable Rate Mortgage. A mortgage with an interest rate and payment that change periodically over the life of the loan based on changes in a specified index.
Adjustable Rate Mortgage. A loan with an interest rate that changes periodically in keeping with a current index, such as one-year treasury bills. Typically, however, ARMs can jump more than two percentage points per year or six points above the starting rate.
Adjustable Rate Mortgage. A mortgage in which interest and payment rates vary periodically, based on a specific index, such as 30-year Treasury Bills or the Cost-of-Funds index.
Adjustable Rate Mortgage. Is a mortgage refinance loan in which the interest rate is adjusted periodically based on a preselected index. Also sometimes known as the, the variable rate mortgage refinance loan.
Adjustable Rate Mortgage. A loan that has a rate of interest tied to a specific financial index with both the rate of interest and monthly payments subject to change at established adjustment intervals.
adjustable rate mortgage. A mortgage loan with an interest rate that changes periodically throughout the term of the loan based on a specific standard rate such as the federal funds rate or United States Treasury Bills
Adjustable Rate Mortgage. A mortgage that changes interest rate periodically according to a pre-selected index (over which the lender has no control). Typically, these are based on the London InterBank (LIBOR) index, the 1 Year Treasury Bill, or the Cost of Funds Index (COFI).
Adjustable Rate Mortgage. A mortgage with rates and terms that can change. The adjustable rate loan has become commonplace, with allowable ranges as to time intervals, percentage of increase or decrease and total increases or decreases likely to change as market conditions change.
Adjustable Rate Mortgage. A type of mortgage program with an interest rate that changes periodically based on the changes in a specified index. Common ARM programs are 1-,3-,5-,7-, and 10-year ARMs.
ADJUSTABLE RATE MORTGAGE. A mortgage with an interest rate fixed for only a short period. At the end of the period the rate will be adjusted up or down based on current interest rate indexes.
ADJUSTABLE RATE MORTGAGE. A loan with an interest rate that is subject to adjust periodically based upon market conditions.
Adjustable Rate Mortgage. This loan is originated at an initial interest rate then fluctuates up or down during the remaining term of the loan based on a pre-selected index (usually U.S. Treasury securities). These loans have annual and lifetime interest rate caps.
Adjustable Rate Mortgage. A mortgage tied to an index and separated by a margin that allows the interest rate to change based on the index changes.
Adjustable Rate Mortgage. a mortgage in which the interest rate is adjusted periodically (typically yearly), based upon a pre-selected and contractually agreed upon rate of increase, usually based upon an identified index. It is sometimes known as a "renegotiable rate mortgage" or a "variable rate mortgage."
Adjustable rate mortgage. A loan that has a fluctuating interest rate and monthly payment. ARMs start off with a fixed interest rate and monthly payment, but then adjust to reflect changes in the market interest rate. A 1-year ARM, for example, will have a fixed interest rate for 1 year and then will adjust on the second year, and continue to adjust annually over the life of the loan. You can also find ARMs that adjust semi-annually and monthly. You get a low starting interest rate in exchange for taking a risk that rates may rise in the future. There's also a cap on how much the interest rate can go up or down. Be well-armed -- before you choose this type of mortgage, figure out if you can afford the highest payment at the maximum interest rate. Other common ARMs are: 3/1, 5/1, 7/1 and 10/1.
Adjustable rate mortgage. The interest rate on an adjustable rate mortgage fluctuates in accordance with an index, as specified in the mortgage document itself.
adjustable rate mortgage. A mortgage in which the interest rate can fluctuate based on a stated index during a stated time period, typically with a low initial rate.
Adjustable Rate Mortgage. Mortgage loan for which the interest rate is periodically adjusted. This adjustment is determined by a preselected, published index.
Adjustable Rate Mortgage. A loan that allows the interest rate, and usually the payment, to adjust periodically during the life of the loan. Amortization: The continuous regular payment of a set amount on a loan, which will reduce and pay it off in a given period of time.
Adjustable rate mortgage, where the lender can lower or raise the interest rate of a loan based on a predetermined index.
A loan where the interest rate changes periodically, usually in relation to an index, which can cause monthly payments to rise or fall.. Most ARMs adjust their interest rates every one, three years, or five years.
Adjustable Rate Mortgage. A mortgage agreement where the interest rate varies periodically according to an index, which adjusts to match current interest rates. Payments will fluctuate according to the interest rates.
Adjustable Rate Mortgage. A mortgage where the interest rate is not fixed, but changes during the life of the loan in line with movements in an index rate. You may also see ARMs referred to as AMLs (adjustable-mortgage loans) or VRMS (variable-rate mortgages.)
Adjustable Rate Mortgage. A loan that allows the interest rate to change periodically. These changes, up or down, are linked to changes in a financial index, such as Treasury bills. Some ARMs have a cap on interest rate increases.
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically based on a preselected index. So, interest rate and payments rise and fall with the market.
Adjustable Rate Mortgage. Mortgages in which the loan rate changes during the life of the loan, usually at one-, three-, or five-year intervals. Any changes are governed by the movement of an index, such as Treasury bills, Treasury securities index, or a national or regional average cost of funds index.
Adjustable Rate Mortgage. An ARM is different from a traditional fixed rate mortgage since the interest rate fluctuates during the lifespan of the loan in conjunction with movements in the index rate.
Adjustable Rate Mortgage; a loan in which the interest rate changes over time, as market interest rates go up (or down), your loan payment goes up or down. Normally set to an index rate.
Adjustable Rate Mortgage. A mortgage in which the interest rate is adjusted periodically according to a preselected index. The terms, adjustment schedule and index to be used can vary based on the particular lender.
Adjustable Rate Mortgage. Also called a variable rate mortgage. A mortgage in which the interest rate is adjusted periodically, usually at intervals of one, three, or five years, based on a measure or an index, such as the rate on US Treasury bills or the average national mortgage rate. In exchange for assuming some of the risk of a rise in interest rates, a borrower receives a lower rate at the beginning of an ARM than if he or she had taken out a fixed-rate mortgage.
Adjustable Rate Mortgage. A type of real estate loan in which either the interest rate charged or the length of the loan, or both, can change. This type of loan forces the Borrower to absorb the uncertainty of changes in interest rates during the life of the loan. All ARM loans are tied to some index such as government securities. Also called variable rate mortgages.
Adjustable Rate Mortgage; a mortgage loan subject to changes in interest rates; when rates change, ARM monthly payments increase or decrease at intervals determined by the lender; the Change in monthly -payment amount, however, is usually subject to a Cap.
Loans with a periodically adjustable interest rate, reflecting the changes in a specific financial index. see also adjustable rate mortgage.
Adjustable Rate Mortgage. Loans with a periodically adjustable interest rate, reflecting the changes in a specific financial index. ARMs are typically offered with 1, 3, or 5 year periods before the rate can change.
Adjustable rate mortgage. A type of mortgage rate loan that allows the interest rate to change periodically up or down, usually once or twice a year.
Adjustable Rate Mortgage. Loan with an interest rate that changes periodically in accordance with a specified index.
Adjustable Rate Mortgage. a mortgage loan with an interest rate that changes periodically to reflect changes in a specified financial index. ARM monthly payments increase or decrease at intervals determined by the lender; the Change in monthly -payment amount, however, is usually subject to a Cap.
Adjustable Rate Mortgage. A mortgage in which the Interest rate is adjustable, meaning that the rate can go up or down according to prevailing financial market conditions.
