adjustable mortage

USAGE SUMMARY

⚠ May contain grammatical issues

News & Media

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

She got an adjustable mortage.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

Adjusted for inflation, mortage costs rose nearly 5percentt between 1998 and 1999.

The New York Times

The adjustable elements may need some adjusting.

The New York Times - Arts

Indiana Housing Finance Authority, $55 million of single-family mortage revenue bonds.

The New York Times

Merrill Lynch & Co. Nebraska Investment Finance Authority, $70 million of single-family mortage revenue bonds.

The New York Times

Both are fully adjustable.

The New York Times

ADJUSTABLE SHORTS WHAT: Shorts with adjustable hemlines.

The New York Times - Style

So if you can't pay back your home mortage your bank owes you money.

The Economist

It's lightweight and adjustable.

Independent

"But that's adjustable".

The New York Times - Arts

And it certainly is adjustable.

The New York Times - Tech

Expert writing Tips

Best practice

Always double-check the spelling of "mortgage". It's a commonly misspelled word, and using the correct spelling enhances credibility in financial contexts.

Common error

Avoid misspelling "mortgage" as "mortage". This error can undermine your message's clarity and professionalism, especially in financial documents.

Linguistic Context

The phrase "adjustable mortage" functions as a noun phrase intended to describe a type of mortgage. However, due to the misspelling of "mortgage", it is grammatically incorrect. It aims to specify a mortgage with terms that can be adjusted, typically referring to the interest rate.

Expression frequency: Rare

Frequent in

News & Media

100%

Less common in

Formal & Business

0%

Science

0%

Encyclopedias

0%

Ludwig's WRAP-UP

The phrase "adjustable mortage" is a misspelling of "adjustable mortgage", a term referring to a loan with an interest rate that may change over time. While Ludwig provides a few examples of this misspelling, it's crucial to use the correct spelling to maintain clarity and credibility, especially in financial contexts. Pay close attention to spelling when discussing mortgages or related financial products. As Ludwig suggests, the correct term is widely discussed in news and media.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

adjustable-rate mortgage

Corrects the spelling error while maintaining the core meaning related to mortgages with rates that can change.

variable-rate mortgage

Replaces "adjustable" with "variable" to describe the fluctuating interest rate of the mortgage.

flexible mortgage

Uses "flexible" instead of "adjustable" to highlight the adaptable nature of the mortgage terms.

mortgage with adjustable terms

Emphasizes the adjustable aspect relates to the mortgage's terms and conditions, not just the rate.

mortgage with a variable interest rate

Specifically mentions the interest rate as the variable component of the mortgage.

adjustable home loan

Substitutes "mortage" with the more general term "home loan," while keeping "adjustable."

mortgage with fluctuating rates

Uses "fluctuating" to describe the rate changes, offering a different synonym for "adjustable".

reset mortgage

A reset mortgage is very close to adjustable rate mortgage.

mortgage that can be adjusted

Rephrases the concept using a relative clause to describe the mortgage's adjustability.

customizable mortgage

Indicates the mortgage can be tailored.

FAQs

What is the correct spelling, "adjustable mortage" or "adjustable mortgage"?

The correct spelling is "adjustable mortgage". The term refers to a type of loan where the interest rate can change over time.

What are the key features of an "adjustable-rate mortgage"?

An "adjustable-rate mortgage" (ARM) typically has an initial fixed interest rate for a period, after which the rate adjusts periodically based on a benchmark index. This can lead to fluctuating monthly payments.

How does an "adjustable-rate mortgage" differ from a fixed-rate mortgage?

Unlike an "adjustable-rate mortgage", a fixed-rate mortgage has an interest rate that remains constant throughout the loan term, providing predictable monthly payments.

What are some risks associated with "adjustable-rate mortgages"?

Risks of "adjustable-rate mortgages" include potential increases in interest rates, leading to higher monthly payments, and complexity in understanding how the rate adjustments are calculated.