What is an adjustable-rate mortgage?

Its pretty much a loan that you start off for a couple of years with a really low interest rate, and then after that period the rate will increase drastically. This is what got a lot of people in trouble with the Real Estate collapse that has been happening. ARM = Adjustable Rate Mortgage Go to wisegeek.com/what-is-an-arm-mortgage.htm For more details on it.

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