Sentences with phrase «interest reset dates»
Not exact matches
Rate - reset preferreds typically exhibit less interest rate risk as the maximum time to the next reset date, or maturity, is five years.
http://www.indexologyblog.com/
An ARM is a loan that offers a low introductory interest rate that «resets» after a set period of time, whether it's one year from your closing date or five years or more.
The interest rate on an adjustable - rate mortgage loan is usually reset on the loan's anniversary date.
The interest rate charged to a borrower will be applicable until the next reset date.
There is also an immediate annuity available that will «reset» your lifetime income payment 5 years after the contract issue date if interest rates have drastically moved up during that time period.
Because these policies have an annual reset design, the interest credits from each year are locked in on the Index Crediting date.
«If you have to reset the paperwork and the settlement date, you could lose your lock on your loan's interest rate or even the deal if the sellers have a kick - out clause and a backup buyer,» says Pfaff.