Change frequency
What is Change frequency?
The frequency (in months) of payment and/or interest rate changes related to an adjustable-rate mortgage (ARM). There are many versions of ARM's such as 5/1, 3/1, 1/1 mortgages.
The frequency (in months) of payment and/or interest rate changes related to an adjustable-rate mortgage (ARM). There are many versions of ARM's such as 5/1, 3/1, 1/1 mortgages.
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