A loan with an interest rate and terms that can change as market conditions change. Because the rate is periodically adjusted, the mortgage payment either increases or decreases.

A mortgage with an interest rate that can change during the term of the loan. The timing and calculation of adjustments (also called resets) are determined by the loan program, and these details are disclosed in the mortgage documents.

An adjustable rate mortgage is a long-term loan you use to finance a real estate purchase, typically a home. Unlike a fixed-rate mortgage, where the interest rate remains the same for the term of the loan, the interest rate on an ARM is adjusted, or changed, during its term.The initial rate on an ARM is usually lower than the rate on a fixed-rate m [..]

Mortgage loan on which the interest rate falls and rises with changes in prevailing rates. The mortgage rate is tied to a selected index and may be adjusted annually. Also called a variable 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 t [..]

, or ARM in its shortened form is a loan to purchase a house just like any other mortgage, but the interest rate of repayment fluctuates. To put it simply the mortgage interest rate changes in relatio [..]

see mortgage

an adjustable rate mortgage, known as an ARM, is a mortgage that has a fixed rate of interest for only a set period of time, typically one, three or five years. During the initial period the interest [..]

A mortgage on which the interest rate, after an initial period, can be changed by the lender. While ARMs in many countries abroad allow rate changes at the lender's discretion (&quot [..]

A mortgage loan subject to changes in interest rates; when rates change, ARM monthly payments increase or decrease at intervals determined by the lender; the Change in monthly payment amount, however, is usually subject to a Cap.

Mortgage for which the interest rate adjusts periodically up or down through a set index. The initial interest rate usually is lower than that for fixed-rate mortgages, but monthly payments can go up [..]

A variable or flexible rate mortgage with an interest rate that varies according to the financial index it is based upon. To limit the borrower's risk, the ARM may have a payment or rate cap. See also: cap.

The ARM is a loan secured on property whose interest rate and monthly repayments vary over time. The variations in ARM usually correspond and depend on the flucatuations of a pre-determined index. Due [..]

According to 12 USCS § 4901 (1) [Title 12. Banks and Banking; Chapter 49. Homeowners Protection] the term adjustable rate mortgage means “a residential mortgage that has an interest rate that is subje [..]

Type of mortgage loan with an interest rate which changes. Arms typically have a fixed period- usually 1, 3 or 5 years- then begin to adjust on a regular basis. This means the rate can increase above the initial rate and the payments may change as well.

A mortgage with an interest rate fixed for only a short period. At the end of the period the rate will be adjusted based on current interest rate indexes.

A mortgage with an interest rate that changes periodically based on a measure or an index, such as the rate on US Treasury bills or the average national mortgage rate. Borrowers assume a degree of ris [..]

A mortgage loan in which the interest rate changes throughout the life of a loan as an index changes with the market.

A mortgage in which the interest rate is adjusted periodically based on a preselected index. Also sometimes known as the renegotiable rate mortgage, the variable rate mortgage or the Canadian rollover mortgage. The Canadian rollover is not to be confused with the flying scissors kick, the body slam, or the half-nelson, which are wrestling terms.

A mortgage in which the interest rate is adjusted periodically based on a preselected index. Also sometimes known as the re negotiable rate mortgage, the variable rate mortgage or the Canadian rollove [..]

An adjustable 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 ARM will almost always have a maximum interest rate allowed, [..]

A mortgage plan with an interest rate tied to some economic index.

An Adjustable Rate Mortgage (ARM) is a mortgage in which the interest rate is adjusted periodically based on a preselected index. Also sometimes known as the renegotiable rate mortgage, or the variabl [..]

A mortgage product whose interest rate changes during the term of the mortgage as defined in the mortgage note. The rate will remain fixed for the initial period of the loan and then may adjust at specified intervals of time. For example, a 3/1 ARM is fixed for 3 years and then may adjust every year after for the term of the loan.

Mortgage loans under which the interest rate is periodically adjusted, in accordance with some market indicator, to more closely coincide with the current rates. The extent and number of these adjustm [..]

A loan in which the interest rate is adjusted periodically based upon a pre-selected index.

stands for Adjustable Rate Mortgage, also referred to as a Variable Rate Mortgage. They both mean the same thing. An ARM is a mortgage with an interest rate that adjusts periodically to reflect changes in market conditions. Your mortgage payments are adjusted up or down (usually on an annual basis) as the interest rate changes. To protect you in a [..]

A mortgage in which the interest rate is adjusted periodically based on a pre-selected index. It is also sometimes referred to as the renegotiable-rate mortgage, variable-rate mortgage, or Canadian-rollover mortgage.