What is Adjustable Rate Mortgage?

An adjustable rate mortgage has an interest rate that does not stay the same, but changes over the course of the home mortgage at a rate that is determined by the lender before the loan is made to the borrower.

You may also like to read:

  1. What is a Home Mortgage?
  2. Home Buying Negotiations
  3. How do I find Real Estate agents?
  4. How does Real Estate Escrow Work?
© 2024 SimplyLikeIt. All rights reserved. Site Admin · Entries RSS · Comments RSS