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- Rate-improvement mortgage
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Rate-improvement mortgage
A loan with a clause that entitles a borrower to a one-time cut in the interest rate without going through refinancing.
Related Terms
Life cap
Capital improvement
Convertible adjustable-rate mortgage
Margin
Variable rate mortgage
Truth-in-Lending Act
Teaser rate
Adjustment period
Cap
Adjustable-rate mortgage (ARM)
Interest rate caps
Fixed-rate mortgage
Interest rate ceiling
Step-rate mortgage
Alternative mortgage
Fully amortized adjustable-rate mortgage
Initial interest rate
Buy-down mortgage
Growing-equity mortgage
Interest accrual rate
Note rate
Variable interest rate
Change frequency
Betterment
Mortgage
Note
Rate lock
Payment cap
Capitalization rate
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