An adjustable-rate mortgage (ARM) is a loan that offers a low interest rate for an initial period, typically anywhere from 3 to 10 years. When the introductory rate expires, the interest rate adjustment means your monthly payment can fluctuate depending on mortgage market conditions. Why would ...
An adjustable-rate mortgage, or ARM, is a home loan that has an initial, low fixed-rate period of several years. After that, for the remainder of the loan term, theinterest rateresets at regular intervals. This means that the monthly payments can go up or down. ...
解析 D) you enjoy a lower initial interest rate than a fixed-rate mortgage 可调整利率抵押贷款(ARM)的特点是利率会根据市场条件进行调整,这意味着每月还款额也会随之变化。与固定利率抵押贷款相比,ARM通常提供更低的初始利率,但随着时间的推移,利率可能会上升,导致每月还款额增加。因此,正确答案是 D) you enj...
Plan to move before the end of the introductory fixed-rate period, so you aren't concerned about possible rate increases Want an initial monthly payment lower than a fixed-rate mortgage usually offers Think interest rates may go down in the future ...
An ARM is a type of mortgage where the interest rate can go up or down during the life of the loan. ARMs generally have an initial fixed-rate period that transitions to an adjustable-rate period—sometimes called a variable-rate period—when the interest rate can change. As an ARM’s in...
Initial interest rate: If you opt for an ARM, your initial interest rate might be lower than what you’d get with a fixed-rate mortgage. However, this could change once the rate begins to adjust. Stability of monthly payments: Because your interest rate can fluctuate with an ARM, your mo...
ARM definition - What does Adjustable rate mortgage (ARM) mean? A loan in which the interest rate is periodically adjusted, moving higher or lower in the same ratio as a preselected index, such as Treasury bill rates. ARM loans may include caps on intere
5/1 Adjustable-Rate Mortgage (ARM) is a unique mortgage loan option that offers a fixed interest rate for the first five years.
Interest Rate Hikes May Put the Arm on Mortgage Holders
The term adjustable-rate mortgage (ARM) refers to a home loan with avariable interest rate. With an ARM, the initial interest rate is fixed for a period of time. After that, the interest rate applied on the outstanding balance resets periodically, at yearly or even monthly intervals. ARMs ...