Adjustable-Rate Mortgage (ARM), Mortgage Brokers, Banks US, Rates, Refinancing term

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Adjustable-Rate Mortgage (ARM) - Mortgage Glossary Terms and Abbreviations

A mortgage loan that does not have a fixed interest rate. During the life of the loan the interest rate will change based on the index rate. Also referred to as adjustable mortgage loans (AMLs) or variable-rate mortgages (VRMs).

Mortgage glossary and terms by letter

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