Real Estate glossary
What is ADJUSTABLE-RATE MORTGAGE (ARM)?
ADJUSTABLE-RATE MORTGAGE (ARM) — A loan characterized by a fluctuating interest rate, usually one tied to a bank or savings and loan association cost-of-funds index.
Real Estate glossary
ADJUSTABLE-RATE MORTGAGE (ARM) — A loan characterized by a fluctuating interest rate, usually one tied to a bank or savings and loan association cost-of-funds index.