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.
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.