11 Results for Tag: adjustable

Mortgage Loan

DefinitionA mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds fo

Accelerated Reply Mail (ARM)

Accelerated Reply Mail (ARM) What is 'Accelerated Reply Mail - ARM' An expedited delivery of business reply mail offered by the U.S. Postal Service. Reply mail may be routed to a postal fa


Source: WikipediaLast Sourced: 2021-02-01This Article has been Edited for Accessibility Further Reading An empirical comparison of published replication research in accounting, economics, f

Rate-Improvement Mortgage

Home Ownership by Country Rate-Improvement Mortgage What is 'Rate-Improvement Mortgage' A type of fixed-rate mortgage, which contains a clause that entitles the borrower to reduce the fixe

Variable Rate Mortgage

DefinitionA variable-rate mortgage, adjustable-rate mortgage, or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects

Variable Interest Rate

Variable Interest Rate What is a 'Variable Interest Rate' A variable interest rate is an interest rate on a loan or security that fluctuates over time, because it is based on an underlying

Fixed Interest Rate Loan

Definition A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. This allows the borrower to accurately predict their futu

Garn-St. Germain Depository Institutions Act

DefinitionThe Garn–St Germain Depository Institutions Act of 1982 is an Act of Congress that deregulated savings and loan associations and allowed banks to provide adjustable-rate mortgage

Teaser Loan

Teaser Loan By definition, a teaser loan, also called an adjustable rate mortgage loan, is where the interest is paid at a very low rate by the borrower, which eventually accelerates after a


Home Ownership by Country Mortgages A Mortgage is a legal agreement that conveys conditional right of ownership of an asset or property by its owner to a lender as security for a loan. Mortg
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