Sentences with phrase «adjusts after the initial period»

The «5» refers to the number of initial years with a fixed rate, and the «1» refers to how often the rate adjusts after the initial period.

Not exact matches

After that initial period, the mortgage interest rate can «adjust», which generally means it will rise.

Most adjustable - rate mortgage (ARM) loans feature an initial fixed - rate period, with interest rates adjusting once per year after the fixed - rate term expires.

After the initial period, the interest rate adjusts annually.

Most ARMs begin with an initial fixed rate for a certain period of time and then adjust up or down according to the index on which it is based, after the fixed period ends.

Like fixed - rate loans, the initial interest rate and monthly payment for ARMs will remain in effect for a certain period of time — you can choose from 1, 3, 5, 7 or 10 years — and then the rate adjusts and your payment amount changes every year after.

Yet certain home buyers could have saved big - time by taking on the more «risky» alternative: an adjustable - rate mortgage, which has an attractively low initial rate that adjusts according to the market after a set period.

After the initial rate guarantee period, your rate may be adjusted each year but may never fall below the guaranteed minimum interest rate at the time of issue.

After the initial, fixed rate period, most ARMs adjust every year on the anniversary of the mortgage.

After the initial period, the interest rate will adjust annually for the rest of the loan term.

After that initial period ends, the ARM will adjust to its fully - indexed rate, which is calculated by adding the margin to the index.

After the initial interest rate period, the rate will adjust on a regular schedule, usually monthly.

After the initial fixed - rate period, the interest rate will begin adjusting every year.

Adjustable Rate Mortgages are loan products that typically offer a lower interest rate at the outset of the mortgage but after this initial fixed period expires, the rate will adjust either semi-annually or annually.

After the initial fixed rate period is over, the interest rate can usually be adjusted every 6 months.

After an initial ramp - up period for each offering, NAV is typically adjusted on a quarterly or semi-annual basis.

With adjustable - rate loans, after the initial fixed period the interest rate can adjust annually.

There is an initial period where the rate is fixed, after which, the interest rate adjusts according to the market and loan terms.

A life insurance company could possibly end a term policy after the initial term period has ended, but you typically have the option to pay higher adjusted premiums if you so choose.

After the initial benefit period ends, premium payments remain the same while the coverage amount begins to adjust down, giving you time to maintain some coverage while you assess your needs.

After the initial fixed period, the rate can adjust the based on the current market.

For the sake of brevity, let's say the rate adjusts 0.25 % upward every 12 months after the initial 5 - year fixed rate period.

After the initial fixed - rate period, the interest rate will begin adjusting every year.

Usually ARMs adjust interest once a year after the initial period expires.

Adjustable - rate mortgage: Your loan will «adjust,» which means your interest will change after an initial fixed - interest period if you choose an ARM.