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Adjustable Rate Mortgage, or ARM - Definition
Mortgage in which the rate of interest is adjusted based on a standard rate index. Most ARMs have caps on how much the interest rate may increase.
Other related Topics:
1/1 ARM
10/1 ARM
15-Year Fixed
15-Year Jumbo
15-Year Jumbo Mortgage
1-Year ARM
3/1 ARM
30-Year FHA
30-Year Fixed
30-Year Jumbo
30-Year Jumbo Mortgage
5/1 ARM
5/1 Jumbo ARM
5/1 Jumbo Mortgage
7/1 ARM
80-10-10 Loan
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