A mortgage that allows for the interest rate to increase according to a specified schedule (i.e., seven years), resulting in increased payments as well. At the end of the specified period, the rate and payments will remain constant for the remainder of the loan.
Share This Story, Choose Your Platform!
Betty is a professional California licensed real estate agent at Malibu Estates. She believes that each and every one of her clients deserves her best. From start to finish, you can depend on Betty’s excellence and quality in customer care and service. Whether you are selling, buying, or leasing, her number one priority is always you and your needs and desires. She is available and will go above and beyond the call of duty on your behalf.