See adjustable rate mortgage.

A fixed-term mortgage with an interest rate that changes with a fluctuating market.

A variable rate mortgage is one in which the interest rate is adjusted periodically based on an index.

See Adjustable-rate mortgage.

See: adjustable rate mortgage.

A mortgage in which the interest rate is changed periodically based on a financial index. Also referred to as an adjustable-rate mortgage.

A mortgage for which the rate of interest may change if other market conditions change. This is sometimes referred to as a floating rate mortgage.

A Variable Rate Mortgage offers an initial interest rate that is usually lower than a fixed rate, but that adjusts periodically according to market conditions and financial indices. The rate may go up and/or down, depending on economic conditions. To limit the borrower's risk, the VRM will almost always have a maximum interest rate allowed, ca [..]

A variable interest rate mortgage has an interest rate that can vary during the term. The interest rate varies in accordance with changes in market interest rates. For example, the interest rate for m [..]

See Adjustable Rate Mortgage.

A loan in which the interest rate fluctuates with the cost of funds or some other index.

A loan being repaid by payments change as the market interest rate changes.