Sentences with «to change during the life of the loan»
If you're refinancing from an adjustable - rate loan, be aware that your interest rate won't change during the life of the loan in a fixed - rate mortgage. (nerdwallet.com)
Adjustable - Rate Mortgage (ARM) A mortgage with an interest rate that changes during the life of the loan according to movements in an index rate. (illinoismortgagebroker.com)
Adjustable - Rate Mortgage (ARM) is a mortgage where the interest rate is not fixed, but changes during the life of the loan in line with movements in an index rate. (banklady.com)