Adjustable-rate mortgage (ARM)

Learn about the definition for this legal term.

What is 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)

Further Reading

For more detailed information, see our related Real Property terms:

Pass the Bar, Guaranteed

BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).
Bar Exam starts in:
Days
Hrs
Mins
Secs
Study better now