A – C A adjustable-rate mortgage (ARM) A mortgage loan with an interest rate that changes during the term of the loan based on the adjustment period. amortization A loan calculation that shows how principal and interest are paid off over a set period of time. amortized A loan in which the payments are spread […]
Glossary of Homeownership Terms & Definitions
A – C A adjustable-rate mortgage (ARM) A mortgage loan with an interest rate that changes during the term of the loan based on the adjustment period. amortization A loan calculation that shows how principal and interest are paid off over a set period of time. amortized A loan in which the payments are spread […]
Glossary of Homeownership Terms & Definitions
A – C A adjustable-rate mortgage (ARM) A mortgage loan with an interest rate that changes during the term of the loan based on the adjustment period. amortization A loan calculation that shows how principal and interest are paid off over a set period of time. amortized A loan in which the payments are spread […]