- variable rate mortgage
- noun Date: 1975 adjustable rate mortgage
New Collegiate Dictionary. 2001.
variable rate mortgage
Look at other dictionaries:
variable rate mortgage — UK US noun [C] (also adjustable rate mortgage) FINANCE, PROPERTY ► a loan for buying a house on which the interest rate can change over time: »One building society is currently offering a five year variable rate mortgage, capped at 5.75% … Financial and business terms
variable rate mortgage — n. a mortgage involving a loan with a variable interest rate over the period of the loan * * * … Universalium
variable rate mortgage — n. a mortgage involving a loan with a variable interest rate over the period of the loan … English World dictionary
Variable-rate mortgage — A variable rate mortgage or floating rate mortgage is a mortgage loan where the interest rate varies to reflect market conditions. The interest rate will normally vary with changes to the base rate of the central bank and reflects changing costs… … Wikipedia
Variable Rate Mortgage — A type of home loan in which the interest rate is not fixed. The two most common types of mortgages in the United States are fixed rate and variable rate (also called adjustable rate). With a fixed rate mortgage, the interest rate does not change … Investment dictionary
variable rate mortgage — noun : adjustable rate mortgage herein * * * variable rate mortgage, U.S. a mortgage on which the interest rate rises or falls with the interest rate in the money market: »Variable rate mortgages…[fluctuate], depending on such factors as the long … Useful english dictionary
variable-rate mortgage — A less common name for an adjustable rate mortgage ( ARM). American Banker Glossary * * * variable rate mortgage variable rate mortgage ➔ mortgage1 … Financial and business terms
variable rate mortgage — mortgage with a interest rate that can be changed during the term of the loan … English contemporary dictionary
variable-rate mortgage — A mortgage in which the rate of interest is varied from time to time by the mortgagee (lender) according to market conditions … Big dictionary of business and management
variable-rate mortgage — See mortgage … Black's law dictionary
