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.
Home Equity and âJumboâ Loans. Adjustable rate mortgages are offered at a five year fixed term. USAA offers low interest rates on adjustable rate mortgage programs. They also offer what they refer to as âjumbo loansâ that host rates following market value. This applies to loans over $417,000.