The date on which a new payment amount takes effect on an ARM or GPM, usually in the month directly after the adjustment date.
Related information about payment change date:
- What is payment change date? definition and meaning
Definition of payment change date: The date on which a new payment amount takes effect on an ARM or GPM, usually in the month directly after the adjustment ...
- (ARM) Mortgage Servicing Procedures - HUD
... the following facts: Initial Interest Rate 10% Loan Closing Date August 15, 1984 Change Date October 1 Monthly payment change date November 1 Margin l% ...
- Hybrid Option ARM Loan: A New Option ARM Variation.
The 1st payment change date may occur when the 61st payment is due. Subsequent payment changes may occur each 12 months thereafter. The 1st interest ...
- Real Estate and Mortgage Glossary Terms and definitions O through Z
Generally, the payment change date occurs in the month immediately after the interest rate adjustment date. periodic payment cap: For an adjustable-rate ...
- Terms - First American Mortgage
... Negative Amortization; Net Worth; Non Liquid Asset; Note; Origination Fee; Owner Financing; Payment Change Date; Periodic Payment Cap; Periodic Rate ...
- ADJUSTABLE RATE NOTE (MTA – Twelve Month ... - Bankrate.com
Each of my initial monthly payments until the first Payment Change Date will be ... monthly payment which is determined at the last Payment Change Date or as ...
- Multistate Riders and Addenda (Form 3184): PDF - Fannie Mae
“Payment Change Date.” My monthly payment also will change at any time Section 3(F) or 3(G) below requires me to pay a different monthly payment. I will pay ...
- P - Mortgage Master Inc. Glossary
Payment Change Date. The date when a new monthly payment amount takes effect on an adjustable-rate mortgage (ARM) or a graduated-payment ...