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Definitions from the Web

Option-ARMS

Noun

An acronym for Adjustable Rate Mortgages with Option ARMs

An Option-ARM is a type of mortgage loan where the borrower has the option to choose between different payment options each month, such as making minimum payments, interest-only payments, or fully amortized payments.

Example sentence: The borrower opted for an Option-ARM as it provided flexibility in monthly payments.

Adjective

Relating to or characteristic of Adjustable Rate Mortgages with Option ARMs

Example sentence: The option-ARM market is experiencing significant growth due to its flexible payment options.

Related Products on Amazon:

• Option-ARM Mortgages
• Adjustable Rate Mortgages