Initial rate period
Definition
The number of months for which the initial rate holds, ranging from 1 month to 10 years. See Information to Evaluate an Adjustable Rate Mortgage.
Related Terms Other terms related to 'Initial rate period' starting with the letter 'I' Initial interest rate, Interest due, Interest rate increase cap, Internet mortgages, Investor Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 