The period between the alterations in an adjustable rate mortgage's monthly payment or interest rate. The adjustment interval is typically shown as the ratio of X/Y, where "X" is the amount of time until the initial modification on the rate, and "Y" is the period of adjustment after the first modification is made. For instance, a 7/1 ARM occurs when the initial rate is the same for seven years, but is adjusted every year after that. On a fully amortizing ARM, the adjustment intervals for both rate and payment are the same; this may not be the case with a negative amortization ARM.
Related information about adjustment interval:
- Adjustment Interval Definition | Investopedia
The amount of time between interest rate changes to an adjustable rate mortgage (ARM). Most ARMs have two adjustment intervals. The first interval is typically ...
- Adjustment Interval - Mortgage Glossary | Quicken Loans
Adjustment Interval definition from the mortgage glossary at QuickenLoans.com. Learn mortgage terms and jargon with the Quicken Loans Mortgage Glossary.
- Adjustment Interval - Financial Dictionary - The Free Dictionary
In adjustable-rate mortgages and variable-rate mortgages, the time between two changes in the interest rate of the mortgage or loan. Often, the adjustment ...
- What is Adjustment Interval - Financing guide
What is Adjustment Interval. ... What is Adjustment Interval? Find below about Adjustment Interval. A | B | C | D | E | F | G | H | I | J | K | L | M · N | O | P | Q | R | S | T ...
- Adjustment Interval - LendingTree
The adjustment interval is the time between changes in the interest rate and/or monthly payment for an adjustable rate mortgage, usually one, three or five years .
- display - Change the brightness adjustment interval - Ask Ubuntu
So whenever I hit my dim/brighten keys on the keyboard, a notification bubble pops up with the screen brightness. All that's fine, but I would like to be able to ...
- Configuring the IP Static Route Adjustment Interval - Cisco
Feature History for the Configuring the IP Static Route Adjustment Interval Feature. Finding Support Information for Platforms and Cisco IOS Software Images ...
- ARMs - Home Loan From California Mortgage Company – Firstcal
Sometimes the first adjustment interval is longer or shorter than the following intervals. ... This is the rate that you pay until the end of the first adjustment interval.