Adjustable-rate Mortgage Definition

Adjustable-rate Mortgage Sentence Examples

• With an adjustable rate mortgage (ARM), your interest rate is directly tied to economic indicators, meaning the amount of interest you pay during a given period can fluctuate, sometimes to the tune of several hundred dollars a month.

• This adjustable rate mortgage lets homebuyers chose their monthly payment option.

• For example, you can click a button to find out the impact on interest paid and payment amounts by switching the worksheet to figure an adjustable rate mortgage.

• If the answer is yes to all three questions, an adjustable rate mortgage may be right for you.

• A refinance can also help you get rid of that unpredictable adjustable rate mortgage and into a lower fixed rate.