| arm |
Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically.
Ãâó: www.afifinancial.com/information.php
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| arm |
A mortgage whose interest rate changes over time based on an index.
Ãâó: www.concordelending.com/glossary.htm
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| arm |
A mortgage or home equity loan in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Most ARMs have a rate cap that limits the amount the interest rate can change, both in an adjustment period, and over the life of the loan. Also called a variable-rate mortgage.
Ãâó: www.sss-mortgage.com/glossary.html
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| arm |
Is a mortgage in which the interest rate is adjusted periodically based on a pre-selected index. Also sometimes known as the renegotiable rate mortgage, the variable rate mortgage or the Canadian rollover mortgage.
Ãâó: www.judystevensre.com/custom2.aspx
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| armature |
The centre part of the motor which rotates making the transfer of electricity across the motor, enabling the motor shaft to spin. A quality armature is mounted on ball bearings, and protected from incoming vacuum air that has been heated and dirtied.
Ãâó: www.kiwivac.co.nz/tech_info2definition.htm
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