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.
1 if the note has a fixed interest rate and payments, then the loan is a fixed-rate mortgage (FRM) loan. 2  a fixed interest rate with adjusting payments is a Graduated Payment Mortgage (GPM)  a floating interest rate and payment amount indicates an adjustable-rate mortgage (ARM)