BNET Business Dictionary
Business Definition for: Adjustable Rate Mortgage
- a mortgage where the interest rate changes according to the current market rates
Additional Resources
- Fixed- Or Adjustable-Rate Mortgage: Which Is Right For You?
- Fixed or adjustable rate mortgage? Find out which is right for you. Note, with a Fixed Rate Mortgage FRM, monthly payments will be steady, while with an Adjustable Rate Mortgage ARM, payments will vary over time. Adjustable rate mortgages typically have an initial fixed rate lower than that of a...
- Tools & templates 2009-01-01
- Adjustable Rate Mortgage
- An adjustable rate mortgage, or an "ARM" as they are commonly called, is a loan type that offers a lower initial interest rate than most fixed rate loans. The trade off is that the interest rate can change periodically, usually in relation to an index, and the monthly payment will...
- White papers
- Adjustable-Rate Mortgage Calculator
- Adjustable-rate mortgages can provide attractive interest rates, but your payment is not fixed. This adjustable-rate mortgage tool helps you to approximate your possible adjustable mortgage payments.
- Tools & templates 2009-01-01
- ARM securities valuation service announced. (adjustable-rate-mortgage) (Brief Article)
- A new service for providing valuations for adjustable-rate-mortgage ARM securities is available from the Trepp Pricing Service of the Asset Backed Securities Group, New York. The ARMS Valuation Service offers valuations on single-family Ginnie Mae A new service for providing valuations for adjustable-rate-mortgage ARM...
- Research articles 1992-03-01
- Fitch Rates MASTR Adjustable Rate Mortgage Trust $233.4MM Series 2004-10
- NEW YORK -- MASTR Adjustable Rate Mortgage Trust's $233,400,000 mortgage pass-through certificates, series 2004-8, is rated by Fitch Ratings as follows: -- $221,746,100 classes 1-A-1, 2-A-1, 2-A-2, 3-A-1, 3-A-2, A-LR and A-R senior certificates 'AAA'; -- $6,641,000 class B-1 'AA-'; -- $3,083,000 class B-2 'A-'; --...
- Research articles 2004-10-01
- Fitch Rates MASTR Adjustable-Rate Mortgage Trust $566.4MM Series 2004-15
- NEW YORK -- MASTR adjustable-rate mortgage trust 2004-15 $566.4 million mortgage pass-through certificates are rated as follows by Fitch Ratings: -- $537.9 million classes 1-A-1, 2-A-1, 2-A-2, 3-A-1, 4-A-1, 5-A-1, 6-A-1, 6-A-X, 7-A-1, 8-A-1, 9-A-1, A-LR and A-UR senior certificates 'AAA'; -- $12,245,000 class B-1 'AA'; --...
- Research articles 2004-11-30
- Which Is Better: Fixed Or Adjustable-Rate Mortgage?
- The decision to choose between a fixed and an adjustable-rate mortgage include factors such as loan duration, the index used by the lender, the number and timing of rate adjustments, and your assumption about the increase/decrease of future interest rates. Use this tool to help compare the total cost of...
- Tools & templates 2008-01-01
- Fitch Rates MASTR Adjustable-Rate Mortgage Trust Series 2004-8
- NEW YORK -- MASTR Adjustable-Rate Mortgage Trust, series 2004-8, is rated by Fitch Ratings as follows: --$413,500,000 classes 1-A-1, 2-A-1, 3-A-1, 4-A-1, 5-A-1, 6-A-1, 7-A-1, 8-A-1, 8-A-X, A-LR and A-R senior certificates 'AAA'; --$10,751,000 class B-1 'AA'; --$4,388,000 class B-2 'A'; --$3,511,000 class B-3 'BBB'; ...
- Research articles 2004-08-27
- How Much Will My Adjustable Rate Payments Be?
- This calculator calculates your monthly payment for an Adjustable-Rate Mortgage ARM loan, given a loan amount and loan terms. Payments on an adjustable-rate mortgage are fixed for an initial period and are usually adjusted annually after the initial period. For example, a 3/1 ARM loan would have a fixed rate...
- Tools & templates 2008-01-01
- Adjustable-Rate Mortgages
- This tool calculates your monthly payment for an adjustable-rate mortgage ARM loan, given a loan amount and loan terms. Payments on an adjustable-rate mortgage are fixed for an initial period and are usually adjusted annually after the initial period. For example, a 3/1 ARM loan would have a fixed rate...
- White papers 2009-01-01
- Dangerous ARMs buildup? (adjustable-rate mortgages)
- Lenders who make adjustable-rate mortgage loans could be in for a shock this fall. Lenders who make adjustable-rate mortgage loans could be in for a shock this fall.
- Research articles 1995-03-01
- Clayton-based Gershman Mortgage introduces new hybrid adjustable rate
- The new year marked a couple of changes at Gershman Mortgage. The Clayton-based mortgage company recently announced the launch of its new Web site, www.gershman.com, and the introduction of the Department of Veterans Affairs' new Hybrid Adjustable Rate Mortgage Hybrid ARM. This is the first time the Department...
- Research articles 2004-01-30
- Demystifying Adjustable-Rate Mortgages
- Dear Ali; I'm applying for an adjustable rate mortgage, and I was told that "the caps are 5/2/5." What does that mean? A: Welcome to the wonderful world of adjustable-rate mortgages! Despite some scary things you may have read, ARMs, as they are...
- Blog posts 2009-07-21
- Adjustable Rate Mortgage Calculator
- Adjustable rate mortgages can provide attractive interest rates, but your payment is not fixed. This tool helps you to determine what your adjustable mortgage payments may be.
- Tools & templates 2008-01-01
- Option ARM Vs. Fixed-Rate Mortgage Calculator
- A fixed-rate mortgage has the same payment for the entire term of the loan. The option ARM uses a low initial rate to calculate your initial minimum monthly payment. Although the interest rate will increase after one to three months, your low payment will remain fixed for the entire year....
- Tools & templates 2009-01-01
- ARM Vs. Fixed Rate Mortgage
- A fixed rate mortgage has the same payment for the entire term of the loan. An Adjustable Rate Mortgage ARM has a rate that can change, causing your monthly payment to increase or decrease. Use this tool to compare a fixed rate mortgage to two types of ARMs, a Fully...
- Tools & templates 2008-01-01
- Fitch Rates MASTR Adjustable-Rate Mtge Trust P-T Ctfs Series 2004-12
- NEW YORK -- Mortgage Asset Securitization Transactions, Inc. MASTR adjustable-rate mortgage trust, series 2004-12, $320,500,000 pass-through certificates are rated by Fitch Ratings as follows: --Classes 1-A-1, 2-A-1, 3-A-1, 4-A-1, 5-A-1, A-C-1, A-LR, and A-R ($312,900,000 senior certificates) 'AAA'; --Class B-1 ($7,584,000) 'AA-'; --Class B-2, class B-3, the...
- Research articles 2004-10-29
- How Much Will My Adjustable Rate Mortgage Payments Be?
- This tool computes the estimated payments and interest for an adjustable rate loan, where the rate increases by the maximum amount allowed at each interval until it reaches the rate cap.
- Tools & templates 2008-01-01
- Fixed Rate Mortgage Vs. LIBOR ARM Calculator
- This tool will compare the monthly mortgage payments for a fixed rate loan to a LIBOR based adjustable rate mortgage. It will also help to calculate what your expected payment may be on the LIBOR ARM when the interest rate changes in the future.
- Tools & templates 2008-01-01
- APR Calculator For Adjustable Rate Mortgages
- Use this tool to determine the Annual Percentage Rate APR of your Adjustable Rate Mortgage ARM. Knowing your APR can help you compare different ARMs with different fees and terms.
- Tools & templates 2008-01-01
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