Terms And Phrases To Learn Before House Hunting

- By
real estate terms to know

Source: kate_sept2004 / Getty

Adjustable rate mortgage

An adjustable rate mortgage is a mortgage with an interest rate that may change throughout the life of the mortgage, depending on changes in the market. There are limits on how often these can change, but they’ll typically change once a year.

TRENDING ON MADAMENOIRE
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN