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.




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

Featured Sponsor





Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z