With an adjustable rate mortgage, the loan will begin to adjust up or down
after the introductory period comes to an end according to the loan's index, caps, margin, and rate.
Not exact matches
Transferring your balances to a 0 % APR credit card can improve your debt situation greatly, but you need to be careful about the potential pitfalls and snares that may
come after that initial
introductory period.
It also
comes with reasonable regular APRs
after its
introductory 0 % APR
period.
Debt consolidation credit cards usually
come with a low - interest rate BUT only for the
introductory time -
period, then the rate goes up (
after 12 - 18 months)
An adjustable - rate mortgage (ARM) is a loan that
comes with a low
introductory rate that,
after a
period of between one and 10 years, can adjust upwards or downwards.