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payment change date

The date on which a new payment amount takes effect on an ARM or GPM, usually in the month directly after the adjustment date.

Related information about payment change date:
  1. What is payment change date? definition and meaning
    Definition of payment change date: The date on which a new payment amount takes effect on an ARM or GPM, usually in the month directly after the adjustment ...
     
  2. (ARM) Mortgage Servicing Procedures - HUD
    ... the following facts: Initial Interest Rate 10% Loan Closing Date August 15, 1984 Change Date October 1 Monthly payment change date November 1 Margin l% ...
     
  3. Hybrid Option ARM Loan: A New Option ARM Variation.
    The 1st payment change date may occur when the 61st payment is due. Subsequent payment changes may occur each 12 months thereafter. The 1st interest ...
     
  4. Real Estate and Mortgage Glossary Terms and definitions O through Z
    Generally, the payment change date occurs in the month immediately after the interest rate adjustment date. periodic payment cap: For an adjustable-rate ...
     
  5. Terms - First American Mortgage
    ... Negative Amortization; Net Worth; Non Liquid Asset; Note; Origination Fee; Owner Financing; Payment Change Date; Periodic Payment Cap; Periodic Rate ...
     
  6. ADJUSTABLE RATE NOTE (MTA – Twelve Month ... - Bankrate.com
    Each of my initial monthly payments until the first Payment Change Date will be ... monthly payment which is determined at the last Payment Change Date or as ...
     
  7. Multistate Riders and Addenda (Form 3184): PDF - Fannie Mae
    “Payment Change Date.” My monthly payment also will change at any time Section 3(F) or 3(G) below requires me to pay a different monthly payment. I will pay ...
     
  8. P - Mortgage Master Inc. Glossary
    Payment Change Date. The date when a new monthly payment amount takes effect on an adjustable-rate mortgage (ARM) or a graduated-payment ...