This is the date on which the interest rate changes for a variable rate mortgage.
The adjustment date is the date in an ARM on which the interest rate changes.
The day on which an adjustment is made in an adjustable rate mortgage. It may occur monthly, every 6 months, or once a year, or whenever agreed upon.
The date on which the interest rate will change in the case of an adjustable-rate mortgage (ARM).
Date agreed to by both parties to a real property transaction for the adjustment of property taxes, rent, interest, and other items.
The date in a real estate contract that all parties agree will be the date all property taxes, rent, interest, etc. are adjusted.
The predetermined date or dates of an interest rate change on an adjustable-rate mortgage.
The date on which the interest rate changes for an adjustable-rate mortgage (ARM).
The date that the interest rate changes on an adjustable-rate mortgage (ARM).
The date that is the official beginning of a mortgage.
On a variable rate mortgage, the rate can change, usually as a result of a general change in interest rates. The date on which the interest rate changes on your mortgage is called the Adjustment date.
() The adjustment of property taxes, rents, interest, and other items on an agreed date by both parties to the real estate transaction.
The date that an ARMs interest rate is changed.
Date on which the Vendor and Purchaser have agreed to share any liabilities which may be attached to the property. The most common example is property taxes, which are paid yearly. In most situations, the Vendor is responsible for the portion of the taxes from January 1 up to but not including the adjustment date. The purchaser is responsible for the taxes from the adjustment date to the end of the year.
Mortgage term usually preceded by the word "Interest" (i.e. "Interest Adjustment Date"). The date soon after the completion of a purchase and mortgage transaction on which the borrower must make a payment of accumulated interest only, usually used to place the periodic payment dates for the mortgage at the first day of the month (i.e. you borrow on March 18, your interest adjustment date is April 1 and your first regular monthly payment is May 1).
The date that the interest rate will change for an ( ARM).
The date on which the interest rate changes for an adjustable rate loan, a variable rate loan or a line of credit. The adjustment date will normally occur on a monthly basis after the lock in period, if any, has expired.
Simply the date on which the interest rate changes on an ARM (adjustable rate mortgage)
The date on which an adjustable-rate mortgage (ARM) is subject to an interest rate change.
The date on the Contract of Purchase and Sale on which costs are adjusted to conform with the contract. Property taxes, for example, would be paid by the seller up to this date and by the buyer beyond this date.
The date on which all adjustments of prepaid expenses, taxes, utilities, rents, interest, and similar items will be calculated.
Regarding an adjustable rate mortgage (ARM), this is the date on which the interest rate changes.
The day when the interest rate changes on an adjustable rate mortgage (ARM). After an initial period where an ARM's interest rate remains the same, the rate changes on the adjustment date to reflect the current market rate. It will continue to adjust either monthly, semi-annually or annually over the life of the loan. For example, the first adjustment date for a 10/1 ARM is after 10 years.
The day from which all calculations of interest, tax adjustments, utility bill adjustments (if applicable) are made to the credit of either the buyer or the seller. This is usually (but not always) the same as the possession date.
The date of periodic interest rate adjustments for an adjustable mortgage loan.