An Adjustable Rate Mortgage (ARM) is also known as a "variable-rate mortgage" and a "floating-rate mortgage". It is a mortgage loan in which the interest rate paid on the outstanding balance varies … [Read more...]
By Mary Catchur
An Adjustable Rate Mortgage (ARM) is also known as a "variable-rate mortgage" and a "floating-rate mortgage". It is a mortgage loan in which the interest rate paid on the outstanding balance varies … [Read more...]