A mortgage that allows for the interest rate to increase according to a specified schedule (i.e., seven years), resulting in increased payments as well. At the end of the specified period, the rate and payments will remain constant for the remainder of the loan.
A type of home loan, though the rates remain fixed, the policy holder's payments begin at a small amount and gradually, over time, increase.
A loan that allows a gradual increase in the interest rate during the first few years of the loan.
A fixed-rate mortgage loan where payments are lower at the beginning of the loan, typically for two years, but then increase after the specified time period.
A mortgage in which both the interest rate and payments will increase according to a predetermined schedule and for a predetermined period, but then remain constant for the remainder of the loan's term.
A fixed-rate home loan on which payments are lower at the beginning, typically for two years, and which then rise.
A mortgage program that allows for the interest rate to increase on a particular schedule. At the end of the specified period, the rate and payments stay the same for the remainder of the loan.
A loan that allows for the interest rate to increase in increments according to a designated schedule for a specified period of time, at the end of which, the interest rate returns to a constant percentage
Loan which allows a gradual increase in the interest rate during the initial years of the loan.