A loan with an interest rate that is periodically adjusted to reflect changes in a specified financial index. …
ARM Index
A publicly published number used to adjust the interest rate for an adjustable rate loan (ARM). An index (such as Treasury bills or the prime rate) reflects the lender's cost of credit, and is not …
Appraisal Fee
The fee that a professional real estate appraiser charges to appraise, or estimate the market value of, a property. …
Arpent
A French measurement of land equal to .84625 acres. Unit of length and area used in France, Louisiana, and Canada. As a unit of length, approximately 191.8 feet. The (square) arpent is a unit of …
Amortization Tables
Mathematical tables that lenders use to calculate a borrower's monthly payment. …
Amperage
The strength of an electrical current. …