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adjustable-rate mortgage |
An adjustable-rate mortgage is a mortgage that permits the lender to periodically adjust the interest rate over the life of the loan on the basis of changes in a specified index. An adjustable-rate mortgage therefore regularly changes its interest rate, according to changes in the linked index. In South Africa, adjustable-rate mortgages are usually linked to the Reserve Bank Repo Rate. Adjustable-rate martgages are also called 'variable-rate mortgages'. Would you like to add another definition for "adjustable-rate mortgage" to the Real Estate Dictionary? Terms that closely resemble "adjustable_rate_mortgage":adjustable-rate mortgage - An adjustable-rate mortgage is a mortgage that permits the lender to ...0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
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