On an ARM, this is the period between changes in payments. The payment adjustment interval may or may not be the same as the interest rate adjustment period. Negative amortization could be generated on loans in which the payment is adjusted more infrequently than the rate.
Related information about payment adjustment interval:
- What is payment adjustment interval? definition and meaning
Definition of payment adjustment interval: On an ARM, this is the period between changes in payments. The payment adjustment interval may or may not be the ...
- Mortgage Glossary - The Mortgage Professor
May 2, 2011 ... The rate adjustment interval and the payment adjustment interval are the same on a fully amortizing ARM, but may not be on a negative ...
- payment - Medical Dictionary - The Free Dictionary
Paymasters General · Paymasters' Office. payment. Payment Acceptance Management Association · Payment Adjustment Cap · Payment Adjustment Interval ...
- payment - Legal Dictionary - The Free Dictionary
Paymasters General · Paymasters' Office. payment. Payment Acceptance Management Association · Payment Adjustment Cap · Payment Adjustment Interval ...
- Payment - Acronyms and Abbreviations - The Free Dictionary
Paymasters General · Paymasters' Office. payment. Payment Acceptance Management Association · Payment Adjustment Cap · Payment Adjustment Interval ...
- Payment Adjustment Cap - Financial Dictionary - The Free Dictionary
Paygo · Paying Agent · payment. Payment Adjustment Cap. Payment Adjustment Interval · payment cap · Payment Date · Payment Float · Payment for Order Flow ...
- Home Financing Glossary
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.
- 5/1 ARM - Winchester Savings Bank
Initial interest rate and payment adjustment interval: 60 months. Regular interest rate and payment adjustment interval: 12 months. Maximum increase at each ...