Expert Answers » Residental Finance
Residental Finance Glossary Definition (English)
Variable maturity mortgage Defined
The following is in context to Residental Finance, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"A long-term mortgage loan under which the interest rate may be adjusted periodically. Payment levels remain the same but the loan maturity is lengthened or shortened to accommodate the adjustment."
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Expert Dictionary: Variable maturity mortgage
Dictionary: Variable maturity mortgage
