FT MarketWatch

Two-step mortgage

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.

Related Terms: 7 Adjustable rate, Adjustable Rate Mortgage, Interest, Interest rate, Mortgage, Remainder, Rent
Other Related Pages: Category: Real_Estate Starting With: T
Semi Related Terms: 504 CLICK HERE TO VIEW
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