Discretionary ARM
Definition
An adjustable rate mortgage on which the lender has the right to change the interest rate at any time subject only to advance notice. Discretionary ARMs are found abroad, not in the US
Related Terms Other terms related to 'Discretionary ARM' starting with the letter 'D' Down payment, Discount mortgage broker, Demand clause, Debtaholic, Discount points Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 