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View synonyms for adjustable-rate mortgage

adjustable-rate mortgage

[uh-juhs-tuh-buhl-reyt]

noun

  1. a mortgage that provides for periodic changes in the interest rate, based on changing market condtions. ARM



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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

My interest rate is 4%, but could change in five years as it is a variable adjustable-rate mortgage.

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“The price was absurd, and they were giving her a no money down option adjustable-rate mortgage,” says Eisman, who talked her into taking out a conventional fixed-rate mortgage.

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For the same reason, would an adjustable-rate mortgage make sense?

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The elder Ms. Alcin had menial agricultural jobs — work that, at the age of 67, has become more difficult to do, even as she tries to make higher payments on her home’s adjustable-rate mortgage.

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But Clark had watched her mother, during the subprime-mortgage boom, be lured into homeownership by a “teaser” mortgage rate, only to lose her home to foreclosure when that adjustable-rate mortgage ballooned and she could no longer afford the payments.

Read more on New York Times

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