Adjustable-rate mortgage
An adjustable-rate mortgage, or ARM, is a form of financing secured by real estate which carries an interest rate that may change over the life of the loan.
Adjustable-Rate Mortgage (ARM)
residential mortgage in which the interest rate floats up or down according to changes in an index rate.
Adjustable-rate mortgage (ARM)
A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index.
ADJUSTABLE-RATE MORTGAGE (ARM) - Also known as a variable-rate loan, an ARM usually offers a lower init...
ADJUSTABLE-RATE MORTGAGES - The following information has been adapted from the "Consumer Handbook on A...
Adjustable-Rate Mortgage (ARM)
A mortgage loan that bears interest at a rate that is subject to change and therefore adjustable during the term of the loan. Interest rates may move up or down as conditions in the market changes.
Adjustable-rate mortgage (ARM) - A loan characterized by a fluctuating interest rate; usually one tied to a bank or savings and loan association cost-of-funds index.
Adjustable-Rate Mortgage (ARM): 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.
adjustable-rate mortgage (ARM)
A loan for which the interest rate (coupon rate) is adjusted periodically to reflect changes in a previously selected index rate.
Adjustable-Rate Mortgage Indexes: Know Your Benchmark
Understanding Your Mortgage
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Mortgages: Fixed-Rate Versus Adjustable-Rate ...
Adjustable-Rate Mortgages (ARMS):
Also known as variable-rate mortgages. The initial interest rate is usually below that of conventional fixed-rate loans. The interest rate may change over the life of the loan as market conditions change.
Adjustable-rate mortgage
Variance risk premium
Variance swap
Village Banking ...
ARM See Adjustable-Rate Mortgage
ASSESSMENT Tax on real property either by an annual property tax based on current fair market value or via special assessments for sewers, public improvements, etc.
A 3/1 ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for three years, and thereafter has an adjustment interval of one year. The adjustment is based on (or "indexed to") another rate -- often the yield on a Treasury note.
Lehman Brothers Adjustable-Rate Mortgage Index
Lehman Brothers Aggregate Bond Index
Lehman Brothers California Municipal Bond Index ...
Lehman Brothers Adjustable-Rate Mortgage Index
A benchmark index that includes all agency-guaranteed securities with coupons that periodically adjust based on a spread over a published index.
A federal ban on adjustable-rate mortgages until 1981 further magnified the problem of S&L maturity mismatching by not allowing S&Ls to issue mortgages on which interest rates could be adjusted during times of rising interest rates.
CapAn upper limit on the interest rate on a floating-rate note (FRN) or an adjustable-rate mortgage (ARM).
Reduction-Option Loan (ROL) A hybrid of a fixed-rate and adjustable-rate mortgage. An ROL matches the borrower to the current mortgage rate, which then becomes fixed for the rest of the term.
Teaser rate A low initial interest rate on an adjustable-rate mortgage to entice borrowers, that is later eliminated and replaced by a market-level rate.
Adjustable-rate mortgage (ARM)
Adjustable-rate preferred stock (ARPS)
Adjusted Balance Method
Adjusted Basis
Adjusted book value
Adjusted Cost Base - ACB
Adjusted Debit Balance
Adjusted debit balance (ADB)
Adjusted Exercise Price ...
An ARM is an acronym standing for adjustable-rate mortgage, a loan instrument commonly offered on residential properties. Unlike with fixed-rate mortgages, the interest rate on an ARM loan is tied to an index and may rise and fall accordingly.
Sometimes called an intermediate ARM, a fixed-period ARM, or a multiyear mortgage, a hybrid mortgage combines aspects of fixed-rate and adjustable-rate mortgages.
Mortgage (in banking)
Adjustable-Rate Mortgage (ARM) (in banking)
Graduated payments
Amortization
Graduated payment mortgage loan
US mortgage terminology
Adjustable-rate mortgage
Amortization (business)
Negative equity
Super jumbo mortgage ...
The date when a new monthly payment amount takes effect on an adjustable-rate mortgage (ARM) or a graduated-payment adjustable-rate mortgage (GPARM). Generally, the payment change date occurs in the month immediately after the adjustment date.
A hybrid of a fixed-rate and adjustable-rate mortgage. An ROL the borrower to match the current mortgage rate, which then becomes fixed for the rest of the term. This reduction is usually allowed if rates drop more than 2% in a year.
Reference rate ...
A low initial interest rate on an adjustable-rate mortgage to entice borrowers, that is later eliminated and replaced by a market-level rate.
Technical analysis
Security analysis that seeks to detect and interpret patterns in past security prices.
Convertible Mortgage
An adjustable-rate mortgage where the borrower has the option at specified times to change into a fixed-rate mortgage.
Conveyance
A formal written document that transfers title to property.
It's an index that is used to set the cost of various variable-rate loans, particularly adjustable-rate mortgages. Lenders use such an index, which varies, to adjust interest rates as economic conditions change.
ARM definition :
See: Adjustable-rate mortgage
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A typical cap on an adjustable-rate mortgage (ARM) limits interest rate increases to two percentage points annually and six percentage points over the term of the loan.
This can happen if you have an adjustable-rate mortgage (ARM) that specifies a payment cap, or maximum rate increase, and the interest rate rises above the cap.
Convertible ARM - An adjustable-rate mortgage loan that can be converted to a fixed-rate mortgage loan under specified conditions.
lowest allowed interest rate a lower limit on a rate of interest, for example, in an adjustable-rate mortgage
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Managing Interest Rate Risk
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Thus, for example, if a consumer has bought property with an adjustable-rate mortgage, they may find themselves paying ever bigger sums, as mortgages are based on short-term interest rates.
" In this type of mortgage, the balloon payment is rolled into a new or continuing amortized mortgage at the prevailing market rates.
Balloon payments can occur within a fixed-rate or adjustable-rate mortgage (ARM).
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