adjustable rate mortgage
noun[C]
FINANCE,PROPERTYukus→variable rate mortgage
Examplesofadjustable rate mortgage
adjustable rate mortgage
When home values declined andadjustableratemortgagepayment amounts increased, borrowers defaulted on their mortgages.
From
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This example is from Wikipedia and may be reused under a CC BY-SA license.For example, a 30 year fixed rate mortgage generally pays a much higher yield spread premium to the broker than anadjustableratemortgage.
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This example is from Wikipedia and may be reused under a CC BY-SA license.The only exception to this net benefit rule is when someone refinances to a fixed rate mortgage from anadjustableratemortgage.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Faced with increasing mortgage payments as theiradjustableratemortgagepayments increased, households began to default in record numbers, rendering mortgage-backed securities worthless.
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This example is from Wikipedia and may be reused under a CC BY-SA license.At this point, just like having a balloon payment in anadjustableratemortgage, the glacier has to pay a whole new portion of its balance via icebergs.
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This example is from Wikipedia and may be reused under a CC BY-SA license.The fact that anadjustableratemortgagehas a lower starting interest rate does not indicate what the future cost of borrowing will be (when rates change).
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This example is from Wikipedia and may be reused under a CC BY-SA license.Therefore, banks and other financial institutions offer adjustable rate mortgages because it reduces risk and matches their sources of funding.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Adjustable rate mortgages are sometimes confused with balloon payment mortgages.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Today, in the same way, we need an orderly conversion of adjustable rate mortgages to take account of the fundamentally altered financial environment.
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This example is from Wikipedia and may be reused under a CC BY-SA license.She is also calling for a moratorium on foreclosures and freezing of rate hikes in adjustable rate mortgages.
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This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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