Adjustable-Rate Mortgages

A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. The loan may be offered at the lender's standard variable rate/base rate. 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 the rate can be changed at the lender's discretion.
Posts about Adjustable-Rate Mortgages
  • 10 Common Mortgage Related Terms and Definitions You Need to Know

    …, or you’re a mortgage broker looking for a quick list of terms to make sure you can easily explain to clients, then read on. Fixed-Rate Mortgage Vs. Adjustable Rate Mortgage When it comes to financing a home purchase, there are two basic categories: fixed-rate mortgages, and adjustable-rate mortgages, which are typically referred to as ARMs…

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