Super Finance Glossary
Over 10,000 financial glossary terms...
Hint: Not sure how the word is listed? Just enter the first few letters.
Searched for Adjustable-rate mortgage
1 - Displaying next results out of 1
Adjustable-rate Mortgage (ARM)
Definition: 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.
Definition: 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.
