Everything You Need To Know About Loans
|  Loan Dictionary  |    |  

  Monthly Arm Definition
Monthly Arm An adjustable-rate mortgage that recalculates a loan holders interest rate on a monthly basis. Since you are the one taking most of the risk with this type of loan and the lender only has to commit to the interest rate on a monthly basis, the interest rate is usually lower than the interest rates offered on other ARM rates and fixed-rate mortgages.

    Next Steps: Read Money Saving Loan Advice and Find Lenders with the LOWEST Loan Rates.
Mortgage Loans Home Refinancing Home Equity Loans Vehicle Loans Auto Refinancing

Home Loans & Car Loans Search

Home Refinancing | Home Mortgages | Home Equity Loans & Line of Credit | Auto & Motorcycle Loans | Auto Refinance Loans
Home - Loans | About EchoBay Loans | Loan Advice | SitemapCredit Report Help CenterDefinition Dictionary

Copyright© 2008, EchoBay Loans Company
Mortgage Refinancing Home Loans Home Equity Loans Auto & Motorcycle Loans Auto Refinancing Credit Reports