Exchange Currency

two-step mortgage

An adjustable rate mortgage which has one interest rate for the first part of the mortgage (usually five or seven years), and a different interest rate for the remainder of the mortgage.

Related information about two-step mortgage:
  1. Two-Step Mortgage Definition | Investopedia
    A mortgage that offers an initial fixed-interest rate for a period of time (usually 5 or 7 years) after which, at a predetermined date, the interest rate adjusts ...
     
  2. What is a Two-Step Mortgage? - Refinance & Mortgage Rates
    Jun 22, 2012 ... A mortgage in which the borrower receives a below-market interest rate for a specified number of years (most often seven or 10), and then ...
     
  3. Amortization Schedule Calculator: Two-Step Mortgage
    Free, online mortgage calculator creates enhanced amortization table. In addition to principal, interest, and unpaid loan balance, the amortization table shows ...
     
  4. What is two-step mortgage? definition and meaning
    Definition of two-step mortgage: An adjustable rate mortgage which has one interest rate for the first part of the mortgage (usually five or seven years), and a ...
     
  5. What is two step mortgage? definition and meaning
    Definition of two step mortgage: Long-term (usually 30 years) mortgage in which the borrower is facilitated with a below-market interest rate for a certain period ...
     
  6. What is a Two-Step Mortgage? - wiseGEEK
    A two-step mortgage is one that has one interest rate for the first part of the mortgage term and a second rate for the other part of the mortgage term. The length of ...
     
  7. Other Types of Mortgages - Jumbo, Two-Step, Ballon and Assumable
    There are various options in the mortgage market like Jumbo mortgage, two-step mortgage, ballon and assumable mortgage. Find out which one suits your ...
     
  8. Different Types of Mortgage Loans
    Those borrowers who make the decision to take a two-step mortgage are taking ... Many borrowers who take the two-step mortgage have plans of refinancing or ...