KeyWEn.com  
 
 
 
Adjustable Rate Mortgage       Article     History   Tree Map
  Encyclopedia of Keywords > Interest Rate > Adjustable Rate Mortgage   Michael Charnine

Keywords and Sections
LOAN AGREEMENT
BORROWER SAFEGUARDS
START RATE
MORTGAGE INSTRUMENT
LIFE CAP
PREDETERMINED INDEX
INITIAL RATE
PRESELECTED INDEX
HIGHEST INTEREST RATE
INTEREST RATE FLOOR
INTEREST RATE CEILING
ADJUSTABLE RATE MORTGAGE LOANS
MINIMUM INTEREST RATE
ADJUSTMENT DATE
ADJUSTMENT DATES
FIXED RATE
FIXED RATE MORTGAGE
TYPE
TERMS
TERM
MAXIMUM
MOVEMENTS
BASIS
REGARD
FIRST YEAR
LIFE
HOME
BORROWERS
INTEREST
ADJUSTMENT
CEILING
RATES
RATE
MORTGAGE LOANS
MORTGAGE LOAN
FIXED
FIXED NUMBER
PERSONAL CHOICE
TIME
INITIAL PERIOD
PERCENTAGE POINTS
BORROWER
CONVERTIBLE ARM
INITIAL INTEREST RATE
FIXED RATE LOAN
DECREASE
Review of Short Phrases and Links

    This Review contains major "Adjustable Rate Mortgage"- related terms, short phrases and links grouped together in the form of Encyclopedia article.

Definitions

  1. Adjustable Rate Mortgage (ARM) Is a mortgage in which the interest rate is adjusted periodically based on a pre selected index. (Web site)
  2. ADJUSTABLE RATE MORTGAGE (ARM) is a mortgage which the interest rate is adjusted periodically based on pre-selected index. (Web site)
  3. Adjustable rate mortgage is a form of mortgage loan wherein the rate of interest can change.
  4. ARM: Adjustable Rate Mortgage is a mortgage that will have a fixed rate for a set period of time and then the rate is adjusted. (Web site)
  5. An Adjustable Rate Mortgage is a loan that allows the lender to adjust the interest rate periodically based on the change of a specific index.

Loan Agreement

  1. Adjustable Rate Mortgage (ARM) - A loan agreement, secured by property, in which the annual percentage rate may change according to an index.

Borrower Safeguards

  1. Borrower safeguards that limit the amount monthly payments on an adjustable rate mortgage may change. (Web site)

Start Rate

  1. The interest rate that an adjustable rate mortgage starts off with is called the start rate. (Web site)

Mortgage Instrument

  1. Mortgages in Victoria the best mortgage instrument to suit your specific situation. (Web site)
  2. Adjustable Rate Mortgage (ARM) - A mortgage instrument with an interest rate that is periodically adjusted to follow a pre-selected published index. (Web site)

Life Cap

  1. LIFE CAP A limit on how far the interest rate can move for an Adjustable Rate Mortgage.

Predetermined Index

  1. ADJUSTABLE RATE MORTGAGE (ARM) A mortgage program, in which the interest rate may adjust periodically according to a predetermined index (i.e.

Initial Rate

  1. Adjustable Rate Mortgage or ARM: - is a mortgage that has an initial rate which adjusts periodically.
  2. Initial Rate - The rate charged during the first interval of an adjustable rate mortgage.

Preselected Index

  1. Adjustable rate mortgage (ARM) - Is a mortgage in which the interest rate is adjusted periodically based on a preselected index.

Highest Interest Rate

  1. Lifetime Cap: This is the highest interest rate than can be charged over the life of the loan with an adjustable rate mortgage. (Web site)

Interest Rate Floor

  1. INTEREST RATE FLOOR - again, for an adjustable rate mortgage (ARM) loan, it's the lowest rate, as specified in the mortgage note or deed of trust's note. (Web site)

Interest Rate Ceiling

  1. The interest rate ceiling is the highest interest rate that you can receive under an Adjustable Rate Mortgage.

Adjustable Rate Mortgage Loans

  1. Adjustable rate mortgage loans will have rates fixed for a shorter period of time. (Web site)

Minimum Interest Rate

  1. Interest Rate Floor For an adjustable rate mortgage (ARM), the minimum interest rate, as specified in the mortgage note.

Adjustment Date

  1. ADJUSTMENT DATE The predetermined date on which the interest rate for an adjustable rate mortgage will change.

Adjustment Dates

  1. Adjustment Period The period elapsing between adjustment dates for an adjustable rate mortgage (ARM). (Web site)

Fixed Rate

  1. Most of these programs are just variations of fixed rate and adjustable rate mortgage loans. (Web site)

Fixed Rate Mortgage

  1. Conversion option: The option to convert an adjustable rate mortgage to a fixed rate mortgage at some point during its life. (Web site)

Type

  1. Adjustable Rate Mortgage (ARM) - A type of real estate loan in which either the interest rate charged or the length of the loan, or both, can change. (Web site)
  2. Frequently, it is an adjustable rate mortgage of some type, which makes the package more difficult for borrowers to assess. (Web site)

Terms

  1. Convertible Adjustable Rate Mortgage: An ARM that can be converted into a fixed-rate mortgage under the terms of the loan agreement. (Web site)

Term

  1. Life Cap - The limit on the amount that a loan rate can change during the term of an adjustable rate mortgage.
  2. Adjustable Rate Mortgage (ARM) - A mortgage in which the interest rate varies during the term of the mortgage.

Maximum

  1. Annual Cap - maximum amount the interest rate on an adjustable rate mortgage can be raised or lowered in the course of one twelve month period. (Web site)

Movements

  1. Adjustable Rate Mortgage (ARM) - A mortgage with an interest rate that fluctuates according to the movements of a predetermined index.

Basis

  1. An agreed upon basis for making interest rate changes on an adjustable rate mortgage.

Regard

  1. INITIAL NOTE RATE With regard to an adjustable rate mortgage, the note rate upon origination. (Web site)

First Year

  1. Often, lenders charge less than the indexed rate the first year of an adjustable rate mortgage (ARM).
  2. Often, lenders charge less than the indexed rate the first year of an adjustable rate mortgage. (Web site)

Life

  1. ARM (Adjustable Rate Mortgage): Interest rate are periodically adjusted up or down over the life of the loan based on a specified financial index.
  2. Consumer safeguards limiting the amount monthly payments on an adjustable rate mortgage may change during the life on the mortgage.
  3. Lifetime Interest Rate Cap - The highest interest rate that can be charged for an adjustable rate mortgage during the life of the loan.

Home

  1. Hybrid Mortgage Loan: A loan to purchase a home that combines an adjustable rate mortgage with a fixed rate mortgage. (Web site)

Borrowers

  1. For borrowers who want to know how the interest rate and monthly payments may change on an adjustable rate mortgage that permits negative amortization. (Web site)
  2. With a ballon program, borrowers can easily switch over into a new fixed rate or adjustable rate mortgage.
  3. Teaser Rate - A low, short-term rate offered on an adjustable rate mortgage to assist borrowers in initially qualifying for a home loan.

Interest

  1. Index. A published interest rate to which the interest on an Adjustable Rate Mortgage (ARM) is tied.

Adjustment

  1. The maximum increase the an Adjustable Rate Mortgage (ARM) can change, either at each adjustment or during the life of the mortgage. (Web site)
  2. Annual cap A limit on the amount of adjustment in the interest rate on an adjustable rate mortgage over a twelve-month period. (Web site)

Ceiling

  1. LIFE CAP With regard to an adjustable rate mortgage, a ceiling the note rate cannot exceed over the life of the loan. (Web site)
  2. LIFE OF LOAN CAP (CAP RATE) - With regard to an adjustable rate mortgage, a ceiling the note rate cannot exceed over the life of the loan.
  3. Ceiling The maximum allowable interest rate over the life of the loan of an adjustable rate mortgage. (Web site)

Rates

  1. Due to shorter commitments for rates, ARM (Adjustable Rate Mortgage) rates are typically lower than longer term rates. (Web site)
  2. On an adjustable rate mortgage, rates and points may also vary with the margin and interest rate cap. (Web site)

Rate

  1. Adjustable-Rate Mortgages With an adjustable rate mortgage, the rate of the loan can change throughout the term of the loan.
  2. On an adjustable rate mortgage (ARM), the initial rate is sometimes referred to as a "teaser" rate because it is below the fully indexed interest rate.
  3. The amount a mortgage lender applies to the index on an adjustable rate mortgage to establish the adjusted rate of interest.

Mortgage Loans

  1. Adjustable Rate Mortgage (ARM) Mortgage loans under which the interest rate periodically adjusted to more closely coincide with current rates.

Mortgage Loan

  1. The terms of the Adjustable Rate Mortgage will be disclosed when you apply for your mortgage loan. (Web site)
  2. Adjustable Rate Mortgage (ARM) - A mortgage loan with an interest rate that adjusts periodically to reflect changes in a specified financial index.

Fixed

  1. These include Federal Housing Administration (FHA) fixed and adjustable rate mortgage loans, and Veterans Administration (VA) fixed rate mortgage loans. (Web site)

Fixed Number

  1. Margin A fixed number added to the index to compute the rate on an adjustable rate mortgage.

Personal Choice

  1. Whether to opt for a fixed or adjustable rate mortgage is a matter of personal choice. (Web site)

Time

  1. Adjustment Period This is the length of time for which the interest rate is fixed on an adjustable rate mortgage. (Web site)
  2. The time between one rate change and the next, for an adjustable rate mortgage (ARM). Typically the adjustment period is 1, 3, 5 or 7 years. (Web site)
  3. Most of the time these very low rates refer to the starting rate on an adjustable rate mortgage or graduated payment mortgage. (Web site)

Initial Period

  1. Often lenders charge less than the indexed rate for the initial period of an adjustable rate mortgage. (Web site)

Percentage Points

  1. Margin - The amount in percentage points that a mortgage lender adds to an adjustable rate mortgage. (Web site)

Borrower

  1. This is a mortgage that allows a borrower to convert from an Adjustable Rate Mortgage to a Fixed Rate Mortgage during specified time periods. (Web site)
  2. An adjustable rate mortgage (ARM) that allows a borrower to switch to a fixed-rate mortgage at a specified point in the loan term.
  3. A: A convertible mortgage allows a borrower to convert from an Adjustable Rate Mortgage (ARM) to a Fixed Rate Mortgage (FRM) during specified time periods.

Convertible Arm

  1. Convertible ARM An adjustable rate mortgage (ARM) that can be converted to a fixed-rate mortgage under specified conditions.

Initial Interest Rate

  1. This rate changes on an adjustable rate mortgage (ARM). The initial interest rate is also known as a start rate or teaser rate. (Web site)
  2. Adjustable Rate Mortgage (ARM Loan): An ARM Loan has an initial interest rate that is often lower than a conventional fixed-rate mortgage. (Web site)

Fixed Rate Loan

  1. A type of adjustable rate mortgage that allows the borrower to change from an ARM to a fixed rate loan. (Web site)
  2. Convertible ARM - An adjustable rate mortgage (ARM) that can be converted to a fixed rate loan under specified conditions.
  3. Convertible Adjustable Rate Mortgage - An adjustable rate loan which allows the borrower to convert to a fixed rate loan during a specific period of time.

Decrease

  1. Lifetime rate cap In an adjustable rate mortgage (ARM), it limits the amount that the interest rate can increase or decrease over the life of the loan. (Web site)
  2. Limit on the amount an adjustable rate mortgage may increase or decrease during specific intervals and over the term of the loan.

Categories

  1. Interest Rate
  2. Encyclopedia of Keywords > Nature > Life > Arm
  3. Law > Rights > Property > Mortgage
  4. Loan
  5. Encyclopedia of Keywords > Society > Economics > Monthly Payments

Related Keywords

    * Adjustable Rate Mortgage Loan * Adjustment Period * Arm * Cap * Caps * Change * Changes * Consumer Safeguard * Index * Interest Rate * Interest Rates * Interest Rate Changes * Lender * Lenders * Limit * Limits * Loan * Margin * Maximum Interest Rate * Monthly Payment * Monthly Payments * Mortgage * Payment * Pre-Selected Index * Specified * Specified Index * Variable Rate Mortgage
  1. Books about "Adjustable Rate Mortgage" in Amazon.com

Book: Keywen Category Structure


  Short phrases about "Adjustable Rate Mortgage"
  Originally created: June 28, 2008.
  Links checked: December 31, 2012.
  Please send us comments and questions by this Online Form
  Please click on Move Up to move good phrases up.
0.0171 sec. a=1..