Your browser does not seem to support JavaScript. As a result, your viewing experience will be diminished, and you have been placed in read-only mode.
Please download a browser that supports JavaScript, or enable it if it's disabled (i.e. NoScript).
A borrower has payment choices with an option ARM that allow for smaller, regular payments but can increase their final balance.
Share your knowledge with the community
Browse our collection of 300,000+ community-written definitions