Adjustment Interval, Definition
Posted by Michael George in Mortgage Definitions / Glossary on Mar 16th, 2011Adjustment Interval: With an ARM loan, this is the time between adjustments. Typically, with a Fannie Mae ARM, the loan will adjust once per year. This means the loan has a 12-month adjustment intervals. Some loans adjust every single month (Home Equity Loans) for example, that means they have a 30-day (or 1 month) adjustment interval.
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