Adjustable Rate Mortgage Term Meaning in Real Estate - Guide

This is a type of mortgage in which the interest rate applicable on the outstanding balance varies throughout the duration of the loan

Devika Arora

7 years ago

Published Date: May 03, 2018

Updated Date: Mar 27, 2024

This is a type of mortgage in which the interest rate applicable on the outstanding balance varies throughout the duration of the loan.

The interest rate is reset periodically.

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