Sentence examples similar to adjustable payment from inspiring English sources

Like subprime mortgages, many prime loans made in recent years allowed borrowers to pay less initially and face higher adjustable payments a few years later.

Did we need the housing bust for people to understand that 100% financing, adjustable payment-option loans, and artificially low rates could lead to trouble?

Spiraling inflation pushed up adjustable mortgage payments for large numbers of investors and homeowners, producing mortgages that were more costly than the properties were worth.

The adjustable-rate payment-relief loan works in a similar fashion.

The adjustable-rate payment-relief loan has a lifetime interest rate cap five percentage points higher than the initial rate.

Through the Bethpage Federal Credit Union, Mr. Trivigno found an adjustable-rate payment-relief mortgage for a full percentage point lower than those offered by two banks and a mortgage broker.

This can come as the result of resetting adjustable-rate payments, job loss or from loans that should never have been written in the first place.

They include risk from rising interest rates — most of these loans have adjustable rates — and payment shock as borrowers realize they have to pay down principal.

Mr. Jack, 82, had fallen into the grip of a maddeningly dense mortgage scheme known as "payment option adjustable rate mortgage".

These higher-rate mortgages might feature interest-only payment periods, adjustable rates or exceed debt guidelines.

On an adjustable-rate mortgage, the payment will decline automatically at the next rate adjustment date, but that could be years away.