FinLexicon Term Details

Adjustable-Rate Mortgage (ARM)

Pronunciation: uh-jus-tuh-bul rayt mort-gij

An Adjustable-Rate Mortgage (ARM) is a home loan where the interest rate can change over time, causing the borrower’s monthly payment to rise or fall.

Category: Real Estate Difficulty: Simple 2 min read Premium Term

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An Adjustable-Rate Mortgage (ARM) is a home loan where the interest rate can change over time, causing the borrower’s monthly payment to rise or fall.

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