An adjustable rate mortgage (ARM) is a type of home loan in which the interest rate fluctuates over time. In contrast, a fixed rate mortgage (FRM) is a type of loan in which the interest rate is fixed for the entire loan term. Whereas a balloon mortgage is a loan that requires a large payment at the end of the term, typically after 5 to 7 years. Another alternative is an interest-only mortgage which allows borrowers to pay only the interest on the loan for a specific period before requiring full payment. Ultimately, it is essential to research and understand the different alternatives for home loans before making a decision.

What are the antonyms for Adjustable rate mortgage?

• n.

  • adjustable-rate mortgage
  • FRM
  .

Related words & questions

Related words: adjustable rate mortgage calculator, adjustable rate mortgage restrictions, adjustable mortgage rate, adjustable interest mortgage rate, adjustable mortgage, adjustable interest rate home loan, fixed rate home loans vs adjustable, 2018 adjustable rate mortgage rates, what is an ARM, fixed-rate mortgage

Related questions:

What is an adjustable-rate mortgage?

Do i need an arm calculator?

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