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.
Adjustable-rate mortgage. 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 which reflects the cost to the lender of borrowing on the credit markets. The loan may be offered at the lender's standard variable rate/base rate.
Balloon Mortgage. A âballoon mortgageâ is a home loan that does not fully amortize over the life of the loan, leaving a balance at the end of the term. As a result, the final payment on a balloon mortgage is significantly larger than the regular monthly mortgage payments.