Mortgage Terms Glossary

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Thursday, July 17 2008

Mortgage Terms Glossary

Adjustable Rate Mortgage (ARM) - A mortgage in which the interest rate is adjusted periodically based on an index. Also called a variable rate mortgage.

Source: http://www.plazaareaneighbors.com/index.phppageId=423602&action=mortgage_glossary

Posted by: Rolando Trentini AT 08:54 am | Permalink | 0 Comments | Email

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