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- Convertible adjustable-rate mortgage
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Convertible adjustable-rate mortgage
A mortgage which starts as an adjustable-rate loan, but allows the borrower to convert the loan to a fixed-rate mortgage during a specified period of time.
Related Terms
Life cap
Margin
Adjustment period
Cap
Adjustable-rate mortgage (ARM)
Interest rate caps
Fully amortized adjustable-rate mortgage
Interest rate ceiling
Initial interest rate
Change frequency
Payment cap
Treasury index
Variable rate mortgage
Certificate of deposit index
Negative amortization
Teaser rate
Rate-improvement mortgage
Fixed-rate mortgage
Two-step mortgage
Step-rate mortgage
Alternative mortgage
Buy-down mortgage
Growing-equity mortgage
Interest accrual rate
Note rate
Variable interest rate
Mortgage
Note
Rate lock
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