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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.
Ãâó: www.adrhi.com/real-estate-glossary-a.asp
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| arm |
A mortgage loan with an interest rate that changes at regular intervals, based on an established index.
Ãâó: www.hfc.com/learn/Glossary.jst
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| arm |
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).
Ãâó: www.ejsmortgage.com/glossary_A.htm
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| arm |
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.
Ãâó: www.fxrealty.net/Glossary.cfm
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| arm |
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.
Ãâó: www.affiliatedmortgageservices.com/html/dictionary...
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