June 1, 2015 | 0 Comments. The G4 Experience: A Special Q & A with George C. Fraser and Veronica Conway Join us today Monday 11/3 for a special conference call.
What is an 'Adjustable-Rate Mortgage - ARM'. An adjustable-rate mortgage 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.
The lower the mortgage rate, the more home you can afford. An adjustable rate mortgage, or ARM, makes that possible by starting out lower than a fixed rate and then adjusting over time. An ARM is a particularly attractive option when you expect changes in your financial situation over the next five years.