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FAQ Real Estate Dictionary A Adjustable-rate mortgage (ARM)
FAQ Real Estate Dictionary A Adjustable-rate mortgage (ARM)
Adjustable-rate mortgage (ARM)
- DATE ADDED:
- Tuesday, 07 April 2009
- FAVOURED:
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ANSWER
A mortgage with interest rates that may fluctuate based on market conditions; the lender is permitted to adjust the mortgage's interest rate periodically, though most ARM's are limited in the amount that the interest rates can vary