| arm |
Both interest rate and payment remain the same for a fixed time period, usually 1, 3, 5, 7, or 10 years. At the end of that period the rate can rise at fixed intervals. The amount the rate can rise, or margin, is predetermined (normally 1/2% to 2% per rise). The intervals are normally 1, 3, 6, or 12 months. Typically there is a cap on the margin, which determines the highest the rate could ever go. ...
출처: www.financialave.com/refi.htm
|
|---|---|
| arm |
Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment are agreed to at the inception of the loan.
출처: www.mortgageaccess.net/dictionary/
|
| arm |
A mortgage in which the interest rate may change, up or down, according to a predetermined index.
출처: www.moorehomesforyou.com/glossary_page_1.htm
|
| arm |
A loan that allows the interest rate to be changed periodically.
출처: www.actionc21.com/leanne/Glossary.html
|
| arm |
A mortgage that changes interest rate periodically based upon the changes in a specified index.
출처: www.homeloanadvisor.com/glossary.htm
|