Assertion: mortgage's interest rate | /r/CapableOf | adjust after predetermined period
Facets:
value: based on market indexes
type: OTHER
Source sentences:
text: An adjustable-rate mortgage (ARM), also called a variable-rate mortgage, will start with a lower interest rate for the first few years, and then that interest rate (and monthly mortgage payment) will “adjust” after a predetermined period (typically five years) based on market indexes.
text: An adjustable-rate mortgage (ARM), also called a variable-rate mortgage, will start with a lower interest rate for the first few years, and then that interest rate (and monthly mortgage payment) will “adjust” after a predetermined period (typically five years) based on market indexes.