Key West Real Estate

Joe D. Wells, Jr. is a FL Real Estate Sales Assoc. Who offers his background in Finance and his local knowledge of Key West and the Florida Keys to help you with your buying and/or selling of real estate.

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Tuesday, October 23, 2012

Adjustable-Rate Mortgage (ARM):

Adjustable-Rate Mortgage (ARM): a mortgage loan that does not have a fixed interest rate. During the life of the loan the interest rate will change based on the index rate. Also referred to as adjustable mortgage loans (AMLs) or variable-rate mortgages (VRMs)

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