Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an adjustable rate mortgage loan?

April 26, 2017adjustable rate mortgage loan

0

Posted

What is an adjustable rate mortgage loan?

1 Answer

0

Posted

An Adjustable Rate Mortgage starts at one rate and adjust to other rates over a period of time. Lowest start rate Adjusts either every 6 months or every 12 months depending on program and grade and is based on the economy 6% ceiling for prime and 7% ceiling for sub-prime.