Sentences with phrase «introductory fixed rate period»

For example, for an adjustable rate construction loan with no introductory fixed rate period where the interest rate adjusts every seven days, the disclosure required by § 1026.37 (a)(10) is «0 / Weekly Adjustable Rate.»

Hybrid Adjustable - Rate Mortgage Loans — For adjustable rate loans secured by a principal residence in which there was an introductory fixed rate period, otherwise defined as a «hybrid adjustable rate mortgage» under the Act, a six - month advance notice requirement was added to inform the consumer of the upcoming reset of the interest rate.

Unlike traditional 30 year fixed rate mortgages, the interest rate adjusts periodically after an introductory fixed rate period.

The first number represents the initial adjustment after the introductory fixed rate period expires.

If you are considering an Adjustable Rate Mortgage, you will want to determine what happens once your introductory fixed rate period ends.

Interest only loans are traditionally adjustable rate mortgages (ARMs) that consist of an initial interest only period in addition to an initial introductory fixed rate period.

Not exact matches

ARM's have an introductory period that can be five, seven or 10 years (other alternatives may also be available) where the interest rate is fixed.

During this introductory or initial period, the interest rate remains fixed and therefore does not change.

During that introductory period, the interest rate on an ARM is generally lower than the fixed interest rates in the same mortgage market.

Hybrid adjustable - rate mortgages like 5/1 ARMs tend to come with 30 - year loan terms, but homeowners have the option of refinancing or selling their homes before the fixed - rate introductory period ends.

Most ARMs also guarantee that low rate for a fixed introductory period.

You may be freaking out about the end of your introductory period with its low, fixed rate.

Most ARMs also guarantee that low rate for a fixed introductory period.

Each ARM has an introductory period where the rate is fixed and then an adjustment period, where the interest rate adjusts periodically depending on the loan.

Adjustable - rate mortgage: ARM loans have an interest rate that's fixed for an introductory period, after which it can fluctuate annually over the loan's remaining life span.

An ARM is a loan that offers you a short introductory period with a low, fixed interest rate.

«The rate may be fixed for an introductory period only, and that can be as short as 30 days.

When you take out an ARM, your loan will have a fixed interest rate for an introductory period, typically lasting from three to 10 years.

Adjustable - rate mortgages (ARMs) offer a fixed interest rate for an introductory period of time, and then the rate adjusts.

Adjustable Rate Mortgage (ARM)-- A 30 year mortgage with a very low introductory fixed rate (1, 3, 5, 7, or 10 years) then incrementally increasing interest rates after the introductory period is oRate Mortgage (ARM)-- A 30 year mortgage with a very low introductory fixed rate (1, 3, 5, 7, or 10 years) then incrementally increasing interest rates after the introductory period is orate (1, 3, 5, 7, or 10 years) then incrementally increasing interest rates after the introductory period is over.

Since the initial interest rate on adjustable mortgages remains fixed over an introductory period of time, typically ranging from 3 to 10 years you can plan accordingly.

Credit card issuers may offer combinations of variable and fixed rates, For example, a variable - rate APR that becomes a fixed rate after your introductory period ends.

For example, a variable rate Annual Percentage Rate that becomes a fixed rate APR after your introductory period erate Annual Percentage Rate that becomes a fixed rate APR after your introductory period eRate that becomes a fixed rate APR after your introductory period erate APR after your introductory period ends.

Introductory (Intro) Rate — Also know as a «teaser» rate, this is a low, fixed rate — often below the Prime rate — charged for a specific length of time during the initial period of the home equity line of creRate — Also know as a «teaser» rate, this is a low, fixed rate — often below the Prime rate — charged for a specific length of time during the initial period of the home equity line of crerate, this is a low, fixed rate — often below the Prime rate — charged for a specific length of time during the initial period of the home equity line of crerate — often below the Prime rate — charged for a specific length of time during the initial period of the home equity line of crerate — charged for a specific length of time during the initial period of the home equity line of credit.

ARMs offer low, fixed rates for the introductory period of the mortgage, after which you are at the mercy of a fluctuating market.

Usually an ARM will have a lower interest rate than a fixed - rate mortgage for an introductory period of one, three, five, seven or 10 years.

ARMs offer lower introductory interest rates that can change after the initial fixed - rate period.

Jumbo ARMs come with introductory periods in which their rates are fixed.

An ARM typically offers a lower interest rate than a fixed - rate mortgage for an introductory period between one and 10 years.

Adjustable - rate mortgage: ARM loans have an interest rate that's fixed for an introductory period, after which it can fluctuate annually over the loan's remaining life span.

In the introductory period of five, seven or 10 years, your interest rate is typically lower than it would be with a fixed - rate loan.

If you're sure you'll be able to sell the home before the introductory period ends you may be tempted by an ARM, since they tend to have lower interest rates (for the introductory period) than fixed - rate mortgages do.

A hybrid ARM is an adjustable rate mortgage loan that has a low fixed introductory rate for a certain period of time.

ARM's have an introductory period that can be five, seven or 10 years (other alternatives may also be available) where the interest rate is fixed.

«Hybrid Adjustable Rate Mortgage» is a term frequently used to describe adjustable rate mortgage loans that have a low fixed introductory rate for a certain period of tRate Mortgage» is a term frequently used to describe adjustable rate mortgage loans that have a low fixed introductory rate for a certain period of trate mortgage loans that have a low fixed introductory rate for a certain period of trate for a certain period of time.