All About Finances
Everything you wanted to know about the world of finance – but were too scared to ask!
Option ARM Mortgages
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 [...]
