Sentences with phrase «decrease during an adjustment period»
The limit on the amount an interest rate on an ARM can increase or decrease during an adjustment period.
http://www.phmc.com/ Not exact matches
For an adjustable - rate mortgage (ARM), a limit on the amount that the interest rate can increase or decrease during any one adjustment period, regardless of how high or low the index might be.
For an adjustable - rate mortgage (ARM), a limit on the amount that payments can increase or decrease during any one adjustment period.
Periodic Rate Cap A limit on the amount that the interest rate can increase or decrease during any one adjustment period, regardless of how high or low the index might be.
Periodic Payment Cap A limit on the amount that payments can increase or decrease during any one adjustment period.
Periodic Rate Cap A limit on the amount that the interest rate can increase or decrease during any one adjustment period, regardless of how high or low the index might be.