Variable Rate Mortgage. a mortgage agreement that allows for adjustment of the interest rate in keeping with a fluctuating market and terms agreed upon in the note.
Variable Rate Mortgage. mortgage in which the interest rate is adjusted periodically, based on a pre-selected index. It is also sometimes referred to as the renegotiable rate mortgage, the variable rate mortgage or the Canadian rollover mortgage. Sometimes referred to as an adjustable rate mortgage.
Variable Rate Mortgage. An adjustable-rate mortgage; its rate is listed to an index of lender's cost of money, calculated periodically.
Variable Rate Mortgage. The interest rate is usually compounded monthly and fluctuates with the prime rate. Mortgage basics for Alberta mortgages.
Variable Rate Mortgage. Same as Adjustable Rate Mortgage.
Variable rate mortgage. A loan with an interest rate that hinges on factors such as the rate paid on bank certificates and Treasury bills.
Variable Rate Mortgage. Like adjustable rate mortgage.
Variable Rate Mortgage. Adjustable rate mortgage -- a mortgage in which the interest rate is adjusted periodically based on a preselected index. Also sometimes known as the renegotiable rate mortgage or the Canadian rollover mortgage.
VARIABLE RATE MORTGAGE. See adjustable rate mortgage".
ariable ange arker An adjustable range circle on marine radars which enables operators to measure a very accurate range to the object of his or her choice.
Variable Rate Mortgage. The interest rate is usually compounded monthly and fluctuates with the prime rate at the chartered banks. In most, but not all cases, the VRM is fully open.
Variable Rate Mortgage. Mortgage in which the interest rate fluctuates during the term and either payments or balance outstanding are adjusted accordingly.
Variable rate mortgage. A mortgage with an interest rate that changes with fluctuations in such indexes as the prime rate, libor rate, or treasury bill.
Variable rate mortgage. A mortgage where the interest rate is not fixed and which is dependent on influences such as interest rates on Treasury securities in the US or base rate in the UK.
see Variable Rate Mortgage.
Variable Rate Mortgage. A loan with an interest rate that adjusts with the changes in rates paid on Treasury bills or bank certificates of deposit.
Variable Rate Mortgage. A mortgage loan subject to changes in interest rates; when rates change, ARM monthly payments increase or decrease at intervals determined by the lender; the change in monthly payment amount, however, is usually subject to a cap. Also called Adjustable Rate Mortgage.