This refers to the frequency of interest rate adjustments that happen in an adjustable rate mortgage (ARM). Commonly, adjustment periods are in the length of one, three, or five years. However, some loans are adjusted at varying intervals.
adjustment period
This refers to the frequency of interest rate adjustments that happen in an adjustable rate mortgage (ARM). Commonly, adjustment periods are in the length of one, three, or five years. However, some loans are adjusted at varying intervals.
