Time period for a teaser or introductory rate on a loan or mortgage. Sometimes this rate is very short term such as one month, yet it can also be as long as many years. In some mortgages or loans, the initial rate will rise incrementally in stages.
Related information about initial rate period:
- Initial Rate Period Definition | Investopedia
The initial rate period varies by loan type and can be as short as one month or as long as several years. Some loans, such as 2-1 or 3-2-1 buydown mortgages, ...
- Initial Rate Period: Definition from Answers.com
The time from origination of an ADJUSTABLERATE MORTGAGE (ARM) and the expiration of the initial interest rate.
- Initial Rate Period - Financial Dictionary - The Free Dictionary
The number of months for which the initial interest rate holds on an ARM. See Adjustable Rate Mortgage (ARM)/How the Interest Rate on an ARM Is Determined.
- What is initial rate period? definition and meaning
Definition of initial rate period: Time period for a teaser or introductory rate on a loan or mortgage. Sometimes this rate is very short term such as one month, yet it ...
- Mortgage Glossary - The Mortgage Professor
May 2, 2011 ... If the index does not change from its initial level, after the initial rate period ends the interest rate will rise to the fully indexed rate after a period ...
- Borrower Guide to Adjustable Rate Mortgages - The Mortgage ...
Sep 29, 2001 ... Determining the Rate After the Initial Rate Period Ends ... Thus, if the most recent value of the index when the initial rate period ends is 5% and ...
- Fixed vs variable rate mortgages | Defaqto
Each lender has a Standard Variable Rate (SVR) - the interest rate that it charges on its mortgages after an initial rate period ends. This Standard Variable Rate ...
- ARM - Adjustable | Variable Rate Mortgage Calculator
When borrowers sign a mortgage agreement for a variable rate mortgage, they agree to an initial rate period, which defines the stretch of the initial rate time ...