A real estate loan where the interest rate is not fixed. The initial interest rate is often lower to that offered by a fixed rate mortgage, but the interest rate adjusts periodically and may go up or down, depending on the economic climate.
A real estate loan where the interest rate is not fixed. The initial interest rate is often lower to that offered by a fixed rate mortgage, but the interest rate adjusts periodically and may go up or down, depending on the economic climate.