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What is an Adjustable-rate Mortgage (ARM)? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

An Adjustable-rate mortgage (ARM) is a loan with an interest rate that changes on a periodic basis. The change is usually tied to the movement of an economic indicator, most commonly the prime interest rate.

 

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