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.
(General Mortgage Knowledge) A(n) ___________ is a loan with an interest rate that can adjust monthly and offer a borrower a number of payment options, such as a 30 year fixed payment, 15 year fixed payment, interest only and a minimum monthly payment.