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.
What is a balloon mortgage? A balloon mortgage refers to any mortgage that doesn't fully amortize over the loan term. The borrower will make payments over a set period of time (usually five or seven years), at the end of which the entire remaining loan balance will be due at once.