adjustable rate: read the definition of Adjustable rate and 8,000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
Define adjustable rate. adjustable rate synonyms, Adjustable rate pronunciation, Adjustable rate translation, English dictionary definition of Adjustable rate. variable rate. 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.
What Is 5/1 Arm Mortgage A 5 year ARM, also known as a 5/1 ARM, is a hybrid mortgage. A hybrid mortgage combines features from an adjustable rate mortgage (ARM) and a fixed mortgage. It begins with a fixed rate for a specified number of years, but then changes to an ARM with the rate changing every year for the rest of the term of the loan.
DEFINITION of ‘Adjustable-Rate Mortgage – ARM’. An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. Normally, the initial interest rate is fixed for a period of time, after which it resets.
adjustable rate meaning: an interest rate that can change over a period of time: . Learn more.
Definition of adjustable rate: Any interest rate that changes on a periodic basis. The change is usually tied to movement of an outside indicator, such.
DEFINITION of ‘Adjustable-Rate Mortgage – ARM’. An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. Normally, the initial interest rate is fixed for a period of time, after which it resets periodically, often every year or even monthly.
An adjustable rate mortgage is a loan that bases its interest rate on an index. The index is typically the Libor rate, the fed funds rate, or the one-year Treasury bill. An ARM is also known as an adjustable rate loan, variable rate mortgage, or variable rate loan. Each lender decides how many points it will add to the index rate.
adjustable-rate definition: designating or of a debt obligation, esp. a mortgage on real property, having terms which allow the interest rate to change over time.
5/3 Mortgage Rates Adjustable Mortgage Rates Today What Is Subprime Mortgage Crisis As the description indicates, the Adjustable Rate Mortgage is the type of loan mechanism that provides the means for the current mortgage rates to change or adjust following a specified, or ‘fixed’ period of time. This type of mortgage carries a certain amount of risk, since the interest rate could fluctuate, and sometimes considerably.
Adjustable-rate mortgage definition, a mortgage that provides for periodic changes in the interest rate, based on changing market condtions. Abbreviation: ARM See more.
More common interest-only loans include adjustable rate loans with a balloon payment at the end of an introductory period or a 30-year mortgage that is interest-only for the first 10 years. An.