The length of time between interest rate adjustments on ARM loans.
the time period that the interest rate of the loan is reviewed and adjusted if necessary. (usually 6 months or 1 year)
Length of time for which the interest rate is fixed on an ARM. After that period it will be adjusted. Typically once (T-Bill) or twice a year (LIBOR), depending on the index.
The period of time between adjustments in interest rate on an adjustable rate mortgage. This period can be any length of time as set forth by the lender in the mortgage. Common adjustment periods are 1, 2, 3, and 5 years.
The time interval between interest rate changes on an ARM loan. For example, a loan with an adjustment period of one year is called a 1 year ARM, and the interest rate can change once a year.
This is the period of time between changes in the interest rate on an ARM. For example, an ARM that changes its rate once a year has a one-year adjustment.
The frequency that interest rate adjustments are possible (i.e. 6 months, 1-year, etc.).
The time during which an ARM interest rate remains effective. After the initial Adjustment Period, the interest rate may not change more than once in a set peiod of time (i.e.6 months, 12 months etc) based on the movement of the index.
The adjustment period is the frequency that the lender adjusts the interest rate on a variable-rate mortgage loan. For example, a 1-year ARM would have an adjustment period of one year.
the period in which an ARM adjusts (e.g., monthly, yearly, or five years).
The frequency (in months) that the mortgages in an ARM PC pool will adjust. For hybrid ARMs, the Adjustment Period is the frequency that the mortgages in an ARM PC pool will adjust after the first interest change date.
The period of time that determines the frequency of change in the loan interest rate for an adjustable-rate mortgage ( ARM).
The time between the adjustment dates for an ARM. There are hybrid ARMs that allow for longer fixed periods. For example a 3/1 ARM is fixed for the first 3 years (/1), then adjusts yearly (3/).
The interval in which the loan rate and/or monthly payment can change on an adjustable rate mortgage, usually one or more times per year.
The period of time between interest rate changes in an adjustable-rate mortgage.
The length of time between interest rate adjustments. An annual ARM loan would have an interest rate adjustment once each year.
The length of time which dictates interest rate adjustments on an adjustable rate mortgage. A six month ARM would have an adjustment every six months.
The period of time passing between adjustment dates for an adjustable rate mortgage (ARM).
For an adjustable rate mortgage, the time period between interest rate change dates, as stated in the mortgage note.
The time that elapses between changes in as interest rate. Applies to an an adjustable-rate mortgage.
How often the rate of an adjustable rate mortgage adjusts (see Adjustable Rate Mortgage).
A 3/1 ARM has a fixed rate for the first three years of the loan and is then adjusted once every year through the term of the loan to reflect the current economic conditions; a 5/1 ARM is fixed for the first five years of the loan and is then adjusted once a year for the term of the loan.
Is the Adjustment Period Length of time for which the interest rate is fixed on an Adjustable Rate Mortgage loan Therefore, if the adjustment period is six months. Then, the interest rate will remain fixed for 6 months then adjusted. One Time Closing on Construction / Permanent Loans Is the meeting between the buyer, seller and lender or their agents where the property and funds legally change hands, also called Settlement, closing costs usually include an origination fee, discount points, appraisal fee, title search and insurance, survey, taxes, deed recording fee, credit report charge and other costs assessed at settlement. The cost of closing usually is about 3 percent to 6 percent of the mortgage amount.
How often the rate of an adjustable rate mortgage (see below) adjusts. Typically, ARMs will adjust twice a year, but may adjust as often as once a month.
The time between changes to the interest rate as dictated by fluctuations of the index for an adjustable rate loan.
The period that elapses between the adjustment dates for an adjustable-rate mortgage (ARM).
Predefined timeframe in which interest rates may change based on the terms of an adjustable rate mortgage.
For adjustable-rate loans, the period of time between interest rate changes. For example, a mortgage with an adjustment period of one year is called a one-year ARM, and the interest rate can change once each year.
The length of time between an interest rate change on an ARM. For example, a loan with an adjustment period of 1 year is called a 1 year ARM, meaning the interest rate can change once a year.
how often an adjustable rate mortgage's (ARM) interest rate changes.
ARMs are available with different adjustment periods, typically one, three, five, or seven years; the interest rate on the loan can change at the end of the adjustment period.
The interval of time between changes in the interest rate or monthly payment on an adjustable rate mortgage (ARM).
The time between changes in your interest rate and monthly payment on an adjustable rate mortgage ( ARM)
The time between interest rate adjustment dates for an ARM. They are usually the initial period between the time the ARM is originated and the first interest rate change date, and subsequent adjustment periods between each interest rate change after the first interest rate change.
The time interval between adjustments of the interest rate of an ARM Adjustment periods can vary from daily to several years. The most common are annually, semi-annually and monthly.
The amount of time between the adjustment dates for an adjustable-rate mortgage. For example, the interest rate for a six-month ARM will go up, down, or stay the same every six months.
The time between one rate change and the next, for an adjustable rate mortgage (ARM). Typically the adjustment period is 1, 3, 5 or 7 years.
The period elapsing between adjust- ment dates for an adjustable rate mortgage.
the period during which an ARM adjusts (e.g., six month, one year, three years, five years, or seven years).
The period between adjustments of an ARM interest rate.
Frequency that the interest rate of an adjustable-rate mortgage is repriced to the base rate. For one-year ARMs, the adjustment is made once a year; for three-year ARMs, every three years; etc.
When the interest rate is fixed on an adjustable rate. The fixed period is determined, and then after that time is will adjust again.
How often your loan interest rate on an ARM loan changes - i.e. every 6 months, once a year, once every 3 years, etc.
Applicable to an ARM, the time between changes in the interest rate.
Pertaining to Adjustable Rate Mortgages (ARM,) the term refers to the leveled- off, interim periods that occur in-between fluctuations in the rise and fall of interest rates.
The period-of-time where the adjustment dates for an adjustable-rate mortgage elapses (ARM).
The length of time between interest rate changes on an ARM. For example, a 2 year 6 month libor ARM Will adjust every 6 months, beginning and the end of the 2-year fixed period. The "adjustment period" is 6 months.
The period of time between the 'adjustment dates' on the ARM.
The frequency at which the interest rate on an ARM loan changes - i.e. every 6 months, once a year, once every 3 years, etc.
The length of time between interest rate changes. Example: one year ARM-interest changes annually.
The frequency that the interest rate of an adjustable-rate mortgage is adjusted to the base rate.
The amount of time between interest rate adjustments in an adjustable-rate mortgage.
The interval of months between the interest rate adjustment dates for an adjustable rate mortgage (ARM).
The length of time between interest rate changes on an ARM. For example, a loan with an adjustment period of one year is called a one-year ARM, which means that the interest rate can change once a year.
The length of time between changes in interest rate payments of an adjustable rate mortgage.
The length of time between interest rate changes on an Adjustable Rate Mortgage (ARM.
The time between interest rate adjustments for an ARM. There is usually an initial adjustment period, beginning from the start date of the loan and varying from 1 to 10 years. After the first adjustment period, adjustment periods are usually 12 months, which means that the interest rate can change every year.
A period of time from one rate change to another, usually one, three, or five years, in which the interest rate on an ARM is allowed to change. Thus, a mortgage with an adjustable period of one year is referred to as a one-year ARM.
The period during which an ARM adjusts (e.g. six months, one year or three years).
The time between changes in your interest rate and/or monthly payment with a variable rate loan. These intervals will vary depending on the type of loan.
In an adjustable rate mortgage (ARM), the "adjustment period," is the period of time (i.e., one month, three months, six months, one year, etc.) between changes in one interest rate charged and the next interest rate to be charged. (See adjustable rate mortgage (ARM))
This is the length of time for which the interest rate is fixed on an adjustable. Therefore if the adjustment period is six months, then the interest rate will remain fixed for six months, after which time it will adjust.
The frequency of rate adjustments on an ARM after the initial rate period is over. The rate adjustment period is sometimes but not always the same as the initial rate period. As an example, using common terminology, a 3/3 ARM is one in which both periods are 3 years while a 3/1 ARM has an initial rate period of 3 years after which the rate adjusts every year.