After the initial rate period, this is how frequently the ARM rates adjust. For example, with a 2/2 ARM, both periods are two years, but a 2/1 ARM has an initial period of two years, with rates adjusting every year after that.
Related information about interest rate adjustment period:
- Interest Rate Adjustment Period financial definition of Interest Rate ...
The frequency of rate adjustments on an ARM after the initial rate period is over. The rate adjustment period is sometimes but not always the same as the initial ...
- Interest Rate Adjustment Period - LendingTree
The interest rate adjustment period is how often your interest rate will be adjusted on an ARM.
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Definition of interest rate adjustment period: After the initial rate period, this is how frequently the ARM rates adjust. For example, with a 2/2 ARM, both periods ...
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May 2, 2011 ... Interest rate adjustment period. The frequency of rate adjustments on an ARM after the initial rate period is over. The rate adjustment period is ...
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The changes on interest rate or monthly payment may changes by the end of interest rate adjustment period. Initial Interest Rate: When borrowers sign a ...
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Interest Rate Adjustment Period. The time between interest rate adjustment dates . With option ARMs, the adjustment period is usually set to 1 month: the fully ...
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... or anticipate being able to pay off their mortgages before the interest rate adjustment period is reached. Although they are often used by borrowers seeking to ...
- Adjustable - Lake Shore Savings Bank
2% interest rate cap at each interest rate adjustment period. Life of loan cap +/-6 %, Floor 4.25%, Minimum down payment required for purchases is 5%.