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Adjustable Rate Mortgage Financial Glossary

What is it? Mortgage in which the rate of interest is adjusted based on a standard rate index. Most Adjustable Rate Mortgages have caps on how much the interest rate may increase.

Finance Term Definition Added By: Trinity

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We hope you now understand the meaning of Adjustable Rate Mortgage. If you need any more information on this term, please don't hesitate to contact us.

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