Adjustment Interval  Mortgage Glossary

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:



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Adjustment Interval

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.

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Mortgage Glossary

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