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grantee in a quitclaim deed is not considered to be a bona fide purchaser gmac mortgage corp value. The grantee in a quitclaim deed assumes no better title than what the grantor possessed. However if the quitclaim meets certain provisions, the grantee may be considered a bona fide purchaser in some juristictions. In the Commonwealth of Massachusetts, a quitclaim deed gmac mortgage corp known as a release deed. An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate gmac mortgage corp and balloon payment mortgage. Adjustable rates transfer part of the interest rate risk from the lender to the borrower. They can be used where unpredictable interest rates make fixed rate loans difficult to obtain. The borrower benefits if the interest rate falls and loses out if interest rates rise. Variable rate mortgages are the most common form of loan for house purchase in the United Kingdom but are unpopular in some other countries. Variable rate mortgages gmac mortgage corp very common in Australia and New Zealand. For those who plan to move within a relatively short period of time (three to seven years), they are attractive because they often include a lower, fixed rate of interest for the first three, five, or seven years of the loan, after which the interest rate fluctuates. Adjustable gmac mortgage corp mortgages, like other types of mortgage, may offer the ability to repay