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.
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.