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Real Estate Glossary

Adjustable Rate Mortgage (ARM)

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Richard Wilson
Written by Richard Wilson

This is a type of mortgage loan in which the interest rate varies throughout the life of the loan as it is dictated by the movements of an assigned index or a designated market indicator. This kind of mortgage is ideal for property buyers who are deciding to pay off the loan in full within a specific time frame or for those who will not be financially burdened once the rate is adjusted.

This is a type of mortgage loan in which the interest rate varies throughout the life of the loan as it is dictated by the movements of an assigned index or a designated market indicator. This kind of mortgage is ideal for property buyers who are deciding to pay off the loan in full within a specific time frame or for those who will not be financially burdened once the rate is adjusted.

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Richard Wilson

Richard Wilson

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