Kentfield, California. Kentfield (formerly Ross Landing, Tamalpais, and Kent) is a census-designated place (CDP) in Marin County, California, United States, just north of San Francisco. Kentfield is located on the Northwestern Pacific Railroad 2 miles (3.2 km) southwest of downtown San Rafael, at an elevation of 115 feet (35 m).
How Do Adjustable Rate Mortgages Work? An adjustable rate mortgage or âARMâ is a mortgage on which the interest rate can change during the life of the loan. In contrast, a fixed-rate mortgage or âFRMâ is one on which the interest rate is preset for the entire life of the mortgage. 1. Initial Rate Period:This is the period for which the initial rate holds.
Adjustable Rate Mortgage. Definition. ARM. A mortgage with an interest rate that may change, usually in response to changes in the Treasury Bill rate or the prime rate. The purpose of the interest rate adjustment is primarily to bring the interest rate on the mortgage in line with market rates. The mortgage holder is protected by a maximum interest rate (called a ceiling), which might be reset annually.