All About Finances
Everything you wanted to know about the world of finance – but were too scared to ask!
Option ARM Mortgages
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To understand what an Option ARM mortgage is, it is important to first understand what an adjustable rate mortgage (ARM) is. Put simply, an ARM is a loan that has a fluctuating interest rate. This interest rate is typically determined by the “London Interbank Offered Rate (or LIBOR for short)” which is a rough measure [...]
