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interest-only ARM

An interest-only payment period attached to an adjustable rate mortgage (ARM). The interest is paid instead of the principle balance. Each type of adjustable rate mortgage has a different interest-only time frame. Payments are readjusted after the interest-only period is over, and the payments sizably increase.

Related information about interest-only ARM:
  1. Interest-Only ARM Definition | Investopedia
    An adjustable-rate mortgage (ARM) with an initial interest-only payment period. During the interest-only period, only the calculated interest must be paid; ...
     
  2. FDIC: Interest-Only Mortgage Payments and Payment-Option ARMs
    Oct 31, 2006 ... 5/1 interest-only ARM; 30-year term; 5 years of I-O payments, then 25 years ... 5/1 interest-only ARM--The monthly payment stays at $960 for 5 ...
     
  3. Interest-only ARM calculator - Bankrate.com
    Bankrate.com provides FREE interest-only calculators and loan calculator tools to help consumers learn more about their mortgage payments.
     
  4. 5 Year Interest Only ARM - American Financial Resources
    Apr 27, 2011 ... Look into the pros and cons of 5 year interest only ARM programs and decide is a 5/1 interest only mortgage is right for you at ...
     
  5. Interest Only Adjustable Rate Mortgage (ARM) Calculator
    The interest only ARM calculator will help to determine what the monthly mortgage payments will be for an interest only adjustable rate mortgage. This calculator ...
     
  6. Monthly Mortgage Payment Calculator: Interest-Only ARM
    Free, online mortgage calculator computes monthly mortgage payment, total mortgage cost, and interest expense. Weighs pros and cons of refinancing.
     
  7. Interest Only ARM
    KFS Mortgage Co. Suite 12. 406 Main St. Metuchen, NJ 08840 ...
     
  8. What is interest-only 5 year ARM and why is it so inexpensive ...
    The 5 year interest only ARM is deceptively cheap. 1. No reduction in principal during the 5 years. 2. ARM means they can raise the interst rate.