If you were making minimal or interest - only payments during the borrowing period, you may notice a significant increase in your monthly payments when your repayment period begins. (bankofamerica.com)
This repayment plan provides for a gradual annual increase in the monthly payments with all of the increase applied to the principal balance. (mortgage-x.com)
Homeowners must have complete, accurate, and understandable information — including on the potential increases in their monthly payments. (fhaloanpros.com)