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variable-rate mortgage

 - 2 dictionary results
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ad·just·a·ble-rate mortgage   (ə-jŭst'ə-bəl-rāt')
n.   Abbr. ARM
A mortgage whose interest rate is raised or lowered at periodic intervals according to the prevailing interest rates in the market. Also called variable-rate mortgage.
Quicken Loans® Mortgages
America's #1 Online Lender. Compare Rates and Get Your Quote Online Now
www.QuickenLoans.com/Mortgage-Rates
Adjustable Rate Mortgages
$400,000 for Only $1,824/Month or $200,000 for Only $912/Month!
www.LendingTree.com
var·i·a·ble-rate mortgage   (vâr'ē-ə-bəl-rāt', vār'-)
n.   Abbr. VRM
See adjustable-rate mortgage.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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