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.
Adjustable rate mortgage (ARM) and fixed rate home loans with shorter terms offer lower rates than the ever-popular 30-year fixed loan. If you can budget the higher monthly payment of the 15-year fixed or 10-year fixed loan, or if you're comfortable with the possibility of your rate changing with the ARM, these options could help you get a better refinance rate for your home loan and pay much less interest over time.