Super Finance Glossary
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Over 10,000 financial glossary terms...
Variable Maturity Mortgage
Variable Maturity Mortgage
Definition: A long-term mortgage loan under which the interest rate may be adjusted periodically. Payment levels remain the same but the loan maturity is lengthened or shortened to accommodate the adjustment.
Definition: A long-term mortgage loan under which the interest rate may be adjusted periodically. Payment levels remain the same but the loan maturity is lengthened or shortened to accommodate the adjustment.