Adjustable Rate Mortgage (ARM)
Mortgage loans under which the interest rate is periodically adjusted, in accordance with some market indicator, to more closely coincide with the current rates.
Reduction of the principal of a debt in regular, periodic installments.
A report from an independent third party detailing the estimated value of real estate.
The act of transferring certain interests in real estate from one party to another, like a mortgage or leasehold interest.