noun a type of mortgage loan where the interest rate can change periodically based on changes in a specified financial index
Adjustable rate mortgages are commonly used in real estate transactions to provide flexibility in interest rates for borrowers.
In the finance industry, adjustable rate mortgages are a type of loan where the interest rate can change periodically based on market conditions.
Adjustable rate mortgages can impact the overall economy by affecting consumer spending and housing market trends.
Banks offer adjustable rate mortgages as an option for customers looking for variable interest rates on their home loans.
Investors may be interested in adjustable rate mortgages as a way to diversify their portfolios with different types of assets.
A writer may include information about adjustable rate mortgages in articles or blog posts about personal finance or real estate topics.
A real estate agent may explain the benefits and risks of adjustable rate mortgages to clients who are considering different types of home loans.
A financial advisor may recommend an adjustable rate mortgage to clients who are looking for lower initial monthly payments but understand the potential for future rate adjustments.
A mortgage broker may help clients compare adjustable rate mortgages with fixed rate mortgages to determine which option is best suited to their financial goals.