Tuesday February 07, 2012
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Adjustable-rate mortgages (ARM) PDF Print E-mail

A mortgage with an interest rate and payment that change periodically over the life of the loan based on changes in a specified index.

In this type of loan, the rate changes anywhere from once in six months to once in five years to reflect interest rate changes. To sell an ARM, a lender will offer a lower initial rate than on a fixed loan. 
 
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Dear Tara,

Thank you so much for guiding us on the panel at the City Club event about Bringing Back Broadway. How nice to be able to present such a comprehensive view of where we've been and where we're going.

I'm especially grateful to you for your help and guidance with all things Broadway. It's great to work with you.

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