3/27 Adjustable-Rate Mortgage

Business, Legal & Accounting Glossary

Definition: 3/27 Adjustable-Rate Mortgage

3/27 Adjustable-Rate Mortgage

Quick Summary of 3/27 Adjustable-Rate Mortgage

Type of short term adjustable rate mortgage offered to subprime borrowers until the borrower attains a better credit rating and can refinance to a mortgage with more attractive terms. These will typically have a fixed interest rate for three years and then a floating interest rate, based on an index plus a margin.

Synonyms For 3/27 Adjustable-Rate Mortgage

3/27 Arm

Cite Term

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Page URL
Modern Language Association (MLA):
3/27 Adjustable-Rate Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/3-27-adjustable-rate-mortgage/.
Chicago Manual of Style (CMS):
3/27 Adjustable-Rate Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/3-27-adjustable-rate-mortgage/ (accessed: December 07, 2021).
American Psychological Association (APA):
3/27 Adjustable-Rate Mortgage. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/3-27-adjustable-rate-mortgage/

Definition Sources

Definitions for 3/27 Adjustable-Rate Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd November, 2021 | 0 Views.