A variable-rate mortgage, also called an Adjustable Rate Mortgage, ARM is a loan in which the interest rate paid on the outstanding balance varies according to a specific benchmark. Typically, the … [Read more...]
By Mary Catchur
A variable-rate mortgage, also called an Adjustable Rate Mortgage, ARM is a loan in which the interest rate paid on the outstanding balance varies according to a specific benchmark. Typically, the … [Read more...]