| Adjustable-Rate Mortgage - ARM | |
 A mortgage that allows adjustments of the loan interest rate at pre-specified regular intervals. |
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 The interest rate for the mortgage is adjusted according to an index (usually a bundle of government securities) plus a predetermined margin. |
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 Mortgages: Fixed-Rate versus Adjustable-Rate - Both of these have advantages and disadvantages depending on your financial needs and prospects. Understanding Your Mortgage - We walk through the steps needed to secure the best loan to finance the purchase of your home. Forces Behind Interest Rates - Get a deeper understanding of the importance of interest rates and what makes them change. Understanding Credit Card Interest - We go over the impact it can have on your spending money AND your investment returns! |
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