adjustable-rate mortgage (ARM) A mortgage whose interest rate changes periodically based on the changes in a specified index. View a list of common indices. adjustment date The date on which the interest rate changes for an adjustable-rate mortgage (ARM). adjustment period The period that elapses between the adjustment dates for an adjustable-rate mortgage (ARM). amortization […]
If you've been thinking about buying your next home and aren't sure where to start when it comes to buying & selling at the same time, this step-by-step guide is for you!