two-step mortgage Definition

two-step mortgage

Definition

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.

This content can be found on the following page:

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

email
print
cite
link
translate
share

two-step mortgage is ...
... part of the Lending & Credit and Real Estate subjects.

Featured Sponsor