What is an ARM loan?
This article explains what an Adjustable Rate Mortgage loan (ARM) is.
Adjustable Rate Mortgage (ARM) loans have an interest rate that can fluctuate based on the performance of an index. The index is a reference point for the interest rate and takes into account current market conditions. As the index figure moves up or down, the index values are updated in The Mortgage Office® and offered to our customers for download.
To learn more about ARMs, read about ARM indexes and index rate history.
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