For Adjustment Interval we have terms and definitions in 5 topics. The topics are Debt Consolidation, Home Equity, Mortgage, Purchasing A Home and Refinance.

Adjustment Interval (Debt Consolidation)

On an adjustable rate mortgage, the time between changes in the interest rate and/or monthly payment, usually one, three or five years.

Adjustment Interval (Home Equity)

On an adjustable rate mortgage, the time between changes in the interest rate and/or monthly payment, usually one, three or five years.

Adjustment Interval (Mortgage)

On an ARM, the time between changes in the interest rate or monthly payment. The rate adjustment interval and the payment adjustment interval are the same on a fully amortizing ARM, but may not be on a negative amortization ARM. See Should You Fear Negative Amortization?

Adjustment Interval (Purchasing A Home)

On an adjustable rate mortgage, the time between changes in the interest rate and/or monthly payment -- typically one, three or five years, depending on the index.

Adjustment Interval (Refinance)

On an adjustable rate mortgage, the time between changes in the interest rate and/or monthly payment, usually one, three or five years.

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