🔤 Adjustment Mortgage ✨
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URDU
🅰️
Roman Urdu:
adjustment mortgage, badalti sood ki sharah wala rahn
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ENGLISH
📚noun phrase
adjustment mortgage
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PRONUNCIATION
Standard: /əˈdʒʌstmənt ˈmɔːrɡɪdʒ/
Phonetic: /uh just munt mor gij/
📝
DEFINITION
a mortgage loan with interest rates or monthly payments that adjust periodically based on a specified economic index or agreement
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EXAMPLE SENTENCES
Borrowers chose an adjustment mortgage to secure lower initial monthly payments.
When market interest rates increased, payments on the adjustment mortgage rose sharply.
The bank detailed the reset terms of the flexible adjustment mortgage.
Homeowners carefully evaluated the risk before signing an adjustment mortgage contract.
Financial regulations require clear disclosure of terms in an adjustment mortgage.
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SYNONYMS
adjustable rate mortgage (ARM) variable rate mortgage
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ANTONYMS
fixed rate mortgage
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