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Mortgage Terms: No Surprise Adjustable Rate Mortgage Definition

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Mortgage Terms: No Surprise Adjustable Rate Mortgage Definition

No Surprise adjustable rate mortgage

Definition

An ARM with a preset graduated payment combined with variable term.

See The "No-Surprise" Adjustable Rate Mortgage.

Related Terms

Other terms related to 'No Surprise adjustable rate mortgage' starting with the letter 'N'

Net branch, Negative amortization, No change scenario, Negative amortization cap, Non Permanent resident alien

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