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.
Balloon Mortgage. A âballoon mortgageâ is a home loan that does not fully amortize over the life of the loan, leaving a balance at the end of the term. As a result, the final payment on a balloon mortgage is significantly larger than the regular monthly mortgage payments.