What dose ARM stand for

Mathematics

2 answers:

juin [17]3 years ago

7 0

Answer:

Adjustable rate mortgage.

Step-by-step explanation:

The adjustable rate mortgage or ARM is a type of mortgage, where the given or applied interest rate on the loan, changes with time, or it changes throughout the life of loan.

In general we get a fixed rate for a fixed period of time, after which the rate resets periodically, often every year or six monthly and in some cases even monthly.

Anvisha [2.4K]3 years ago

3 0

HI MATE HERE IS YOUR ANSWER

ADJUSTABLE RATE MORTGAGE

HOPE IT HELP YOU
PLS MARK AS BRAINLIEST
❤❤❤✌

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