An adjustable rate mortgage that can be converted to a fixed-rate mortgage under certain circumstances.
Related information about Convertible ARM:
- Convertible ARM Definition | Investopedia
An Adjustable Rate Mortgage (ARM) that gives the borrower the option to convert to a fixed-rate mortgage. Convertible ARMs are marketed as a way to avoid ...
- Convertible ARM: Definition from Answers.com
An adustable rate mortgage that offers the borrower the option to convert payments to a fixed-rate schedule at a specified period within the term of the.
- What is Convertible ARM? definition and meaning
Definition of Convertible ARM: An adjustable rate mortgage that can be converted to a fixed-rate mortgage under certain circumstances.
- Adjustable-Rate Mortgages - Consumer Financial Protection Bureau
Also, a convertible ARM may require a fee at the time of conversion. Graduated- payment or stepped-rate loans. Some fixed-rate loans start with one rate for 1 or ...
- convertible ARM - Financial Dictionary - The Free Dictionary
An adjustable-rate mortgage loan that the borrower may convert to a fixed- interest rate during a predetermined time period, at an interest rate calculated ...
- Monthly Mortgage Payment Calculator: Convertible ARM
Free, online mortgage calculator computes monthly mortgage payment, total mortgage cost, and interest expense. Weighs pros and cons of refinancing.
- Extra Payment Mortgage Calculator: Convertible ARM
Free, online mortgage calculator evaluates mortgage prepayment plans. Shows how extra payments affect mortgage cost and loan term. Reports breakeven ...
- Convertible ARMs - Mortgage Glossary | Quicken Loans
A borrower is usually required to pay fees to change from a convertible ARM mortgage to a ... If you have a convertible ARM and are worried about interest rates ...