The date on which a new monthly payment amount takes effect, for example, on an adjustable-rate mortgage (ARM) loan.
The date that a new payment amount will take effect due to a change in interest rate.
Those dates upon which the payment amount is subject to change. Products featuring “negative amortization†typically will include a payment change date which differs from the interest rate change date in frequency.
The date when a new monthly payment amount takes effect on an adjustable-rate mortgage (ARM) or a graduated-payment mortgage (GPM). Generally, the payment change date occurs in the month immediately after the adjustment date.
The date on which a new payment amount will take effect on an adjustable rate mortgage (ARM) or graduated payment mortgage (GPM). Will normally happen in the month following the interest rate adjustment date.
The date when a new monthly payment amount takes effect on an adjustable rate mortgage (ARM). Generally, the payment change date occurs in the month immediately after the adjustment date and the borrower is notified 30 days prior as to the new rate.
The date when the amount of each payment under an adjustable, variable or graduated payment mortgage changes.
The date when a new monthly payment amount takes effect on an adjustable-rate (ARM), or a graduated-payment adjustable period. See cap.
The date when a new monthly payment amount commences on an adjustable-rate mortgage. On most adjustable rate mortgages, the payment change date occurs in the month immediately after the adjustment date.
On an adjustable rate mortgage, this is the date the new mortgage payment is effective after an interest rate change. It is usually the 1st of the month following the interest rate change date.
The date on which a change in monthly payment occurs in and adjustable rate mortgage or a graduated-payment mortgage.
