How often an adjustable rate mortgage's interest rate changes
While most adjustment rate mortgages (ARMs) change annually, others fluctuate monthly or semi-annually. Usually, the longer the adjustment period, the higher the initial fixed interest rate (called a teaser rate) will be.
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.
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Friday, April 14, 2006
