🔤 Adjustment Mortgage ✨
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URDU
🅰️
Roman Urdu:
aisa ghar ka qarz jismein sood ki sharah waqt ke sath badalti rahe, tabdeel shuda sood wali rehan
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ENGLISH
📚noun
adjustment mortgage
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PRONUNCIATION
Standard: /əˈdʒʌstmənt ˈmɔːrɡɪdʒ/
Phonetic: /uh just munt mor gij/
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DEFINITION
a mortgage with an interest rate that changes periodically, a home loan whose payment terms adjust according to specified conditions
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EXAMPLE SENTENCES
The couple selected an adjustment mortgage because initial payments were comparatively affordable.
An adjustment mortgage may become expensive when market interest rates rise.
The lender explained every adjustment mortgage condition before approving their application.
Borrowers should calculate future payments carefully with an adjustment mortgage.
The bank offered an adjustment mortgage linked to changing benchmark interest rates.
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SYNONYMS
adjustable rate mortgage variable rate mortgage
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ANTONYMS
fixed rate mortgage
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