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.
There are two kinds of secondary mortgages: fixed rates & home equity lines of credit. The home equity line of credit is an adjustable rate mortgage. The rate of interest on this loan is fixed for a stated time period and then becomes an adjustable rate for the remainder of the loan.