Mortgage   Everything you need to know about mortgages.

#ABCDEFGHIJKLMNOPQRSTUVWXYZ

what is...
CONVERSION OPTION
The option to convert an ARM to an FRM at some point during its life. These loans are likely to carry a higher rate or points than ARMs that do not have the option.

    Courtesy of the Mortgage Glossary
    Copyright © 2006 by 20/20 Technologies