What is ARM (Adjustable Rate Mortgage)? | REAL-ESTATE-SALESPERSON Exam Prep

An adjustable rate mortgage (ARM) is a home loan with an interest rate that changes periodically based on market conditions, typically starting with a lower fixed rate before adjusting. 📚 Learn more about ARM (Adjustable Rate Mortgage) and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 ARM (Adjustable Rate Mortgage) definition: https://www.open-exam-prep.com/glossary/arm 💡 Exam Tip: 5/1 ARM = 5 years fixed, then adjusts yearly. Know the caps: initial, periodic, lifetime. --- #real-estate #examprep #financeexam #real-estate-salesperson