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.
In the end, choosing an adjustable-rate mortgage loan could save you money. Adjustable-Rate Mortgage Highlights: 1  Lower initial rates compared to a fixed-rate loan.  Rate/payment is locked in for the first 3, 5 or 7 years.