variable (adjustable) rate mortgage

См. также в других словарях:

• adjustable rate mortgage — UK US noun [C] FINANCE, PROPERTY ► VARIABLE RATE MORTGAGE(Cf. ↑variable rate mortgage) …   Financial and business terms

• Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… …   Wikipedia

• Adjustable-Rate Mortgage - ARM — A type of mortgage in which the interest rate paid on the outstanding balance varies according to a specific benchmark. The initial interest rate is normally fixed for a period of time after which it is reset periodically, often every month. The… …   Investment dictionary

• adjustable rate mortgage — noun : a mortgage having an interest rate which is usually initially lower than that of a fixed rate mortgage but is adjusted periodically according to the cost of funds to the lender abbreviation ARM * * * (abbr.: ARM) n. a mortgage whose rate… …   Useful english dictionary

• 5-6 Hybrid Adjustable-Rate Mortgage - 5-6 Hybrid ARM — An adjustable rate mortgage with an initial five year fixed interest rate after which the interest rate begins to adjust every six months according to an index plus a margin (or, the fully indexed interest rate). The index is variable while the… …   Investment dictionary

• 5-1 Hybrid Adjustable-Rate Mortgage - 5-1 Hybrid ARM — An adjustable rate mortgage (ARM) with an initial five year fixed interest rate. After this initial five year period, the interest rate begins to adjust on an annual basis according to an index plus a margin (or, the fully indexed interest rate) …   Investment dictionary

• variable rate mortgage — UK US noun [C] (also adjustable rate mortgage) FINANCE, PROPERTY ► a loan for buying a house on which the interest rate can change over time: »One building society is currently offering a five year variable rate mortgage, capped at 5.75% …   Financial and business terms

• Variable-rate mortgage — A variable rate mortgage or floating rate mortgage is a mortgage loan where the interest rate varies to reflect market conditions. The interest rate will normally vary with changes to the base rate of the central bank and reflects changing costs… …   Wikipedia

• variable rate mortgage — noun : adjustable rate mortgage herein * * * variable rate mortgage, U.S. a mortgage on which the interest rate rises or falls with the interest rate in the money market: »Variable rate mortgages…[fluctuate], depending on such factors as the long …   Useful english dictionary

• variable-rate mortgage — A less common name for an adjustable rate mortgage ( ARM). American Banker Glossary * * * variable rate mortgage variable rate mortgage ➔ mortgage1 …   Financial and business terms

• adjustable rate — Applies mainly to convertible securities ( convertible security). Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that… …   Financial and business terms