Search Site

Home >>Mortgage Glossary >>Adjustment Interval

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Adjustment Interval

Print Page

Email Page

Adjustment Interval

With an adjustable rate mortgage, the adjustment interval rate states the time difference between the change in the interest rate and the time when the monthly payments change to reflect the move. This term is normally expressed in such a format as 3/1, meaning the initial rate is fixed for 3 years and thereafter is adjusted every year.

Back to glossary index

Online Mortgage Enquiry & Quote

Online Enquiry...

If you would like to receive a quote for a mortgage from an FSA regulated broker please
Click here...

Related Mortgage Services and help...

Mortgage Lenders

Mortgage Calculator

Typical Interest Payments

First Time Buyers

5.94%

Purchased Fixed

6.45%

Discounted Rate

5.95%

Buy To Let

6.29%

Commercial

7.55%

Affordability Calculator

Mortgage News Feed

Mortgage Lenders Profile A-Z List

Find a mortgage lender whose name begins with:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

View Full List...

Questions & Answers

Read about general questions asked by brokers and lenders and the best ways to answer...