On an ARM, the time between changes in either a monthly payment or an interest rate, usually one, three or five years, depending on the index and the terms of the specific loan program.
When an adjustable-rate mortgage (ARM) is negotiated, provision is made for the intervals of interest rate adjustment. This allows the lender to adjust the interest rate charged and the payments required from the borrower at prescheduled times.
The period of time between changes in the interest rate for an adjustable-rate mortgage; typical adjustment intervals are one year, three, and five years
The interval between changes in the interest rate for an adjustable rate mortgage (ARM).
the period of time between changes in the interest rate for an adjustable–rate mortgage. Typical adjustment intervals are 6 months and one year.
The period of time between changes in your interest rate and/or monthly payment with an adjustable-rate mortgage.
A term relevant to an Adjustable Rate Mortgage (ARM), the adjustment interval is the interval at which the rate in an ARM may be adjusted during the term of the loan. Depending on the type of ARM, this interval could be six months, one year, three years or more. See also Adjustable Rate Mortgage. Also known as rate adjustment period.
The time between changes in the interest rate of an ARM loan.
On an adjustable rate mortgage, the time between changes in the interest rate and/or monthly payment, typically one, three or five years, depending on the index.
The time period between changes to the interest rate or monthly payment amount on an adjustable rate mortgage (ARM).
The time between changes in the interest rate and monthly payments on an ARM.
In an ARM, the time interval between adjustments, typically 6 months or annually.
Also known as Adjustment Period. The period of time (i.e. week, month, year) between changes in the interest rate charged on a adjustable-rate mortgage.
Involves the time between changes in the interest rate and/or monthly payment on an adjustable rate mortgage (usually one, three or five years, depending on the index).
A specified period between changes in the interest rate or monthly payment on an Adjustable rate mortgage (ARM)
The specified time between interest rate (or payment) changes on an adjustable rate mortgage.
On an adjustable rate mortgage, the time between changes in the interest rate and/or monthly payment, usually on a yearly basis.
How frequently the interest rate and/or the monthly payment amount on an adjustable rate mortgage can be adjusted. Once the interest rate and monthly payment are established, they cannot change until the beginning of the next scheduled adjustment interval. There are a wide variety of adjustable rate mortgage loans in the market today, with adjustment intervals ranging from three months to five years or more, the most popular being one year.
For an adjustable rate mortgage, the time between changes in the interest rate charged. The most common adjustment intervals are one, three or five years.
On an adjustable rate mortgage, the time between changes in the interest rate and/ or monthly payment, typically one year or less. (see Initial Adjustment Period)
How often the loan's rate can be changed. Back
Usually 1, 3, or 5 years, based off the index. This is the time between a change in either the interest rate or monthly payment. Both of which may change.
The length of time between interest rate changes on an ARM. For example, a loan with an adjustment interval of one year is called a one-year ARM, which means that the interest rate can change once a year.
On an ARM loan, the time between changes in the interest rate or monthly payment.
This is the time between changes in your interest rate and monthly payments on an Adjustable Rate Mortgage.
Adjustment Interval on an adjustable rate mortgage is the allowable interest rate adjustment period set forth in the Promissory Note.
with an ARM, the contractually agreed time interval (1-, 3-, 5-, 7-, 10-years) between changes in the interest rate and monthly payment.
The period of time that your interest rate and payment may change. The interest rate and payment may change at the time or at different intervals.