A loan on which the monthly payments will increase or decrease over time, based on changes in the ARM’s interest rate index. ARM payments typically are adjusted every six months or once a year. Common indices to which ARMs are tied include the 11th District Cost of Funds, one-year T-note and six-month T-bill.
Share This Story, Choose Your Platform!
Betty is a professional California licensed real estate agent at Malibu Estates. She believes that each and every one of her clients deserves her best. From start to finish, you can depend on Betty’s excellence and quality in customer care and service. Whether you are selling, buying, or leasing, her number one priority is always you and your needs and desires. She is available and will go above and beyond the call of duty on your behalf.