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.
(General Mortgage Knowledge) A(n) ___________ is a loan with an interest rate that can adjust monthly and offer a borrower a number of payment options, such as a 30 year fixed payment, 15 year fixed payment, interest only and a minimum monthly payment.