Convertible ARM

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January 1, 1 7 min read Definitions
Convertible ARM: Adjustable Rate Mortgage with Conversion Option
Convertible ARM Adjustable-Rate Mortgage Fixed-Rate Conversion Mortgage Loans Interest Rates Real Estate Finance Loan Agreements
A Convertible ARM is an Adjustable Rate Mortgage (ARM) that gives the borrower the ability to change the payment schedule to a fixed-rate at specific points during the loan term, commonly for a nominal fee, with an interest rate determined by the original loan agreement.
Read more about Convertible ARM: Adjustable Rate Mortgage with Conversion Option.

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