Real Estate Glossary



  Step-Rate Mortgage

A mortgage that allows for the interest rate to increase according to a specified schedule (i.e., seven years), resulting in increased payments as well. At the end of the specified period, the rate and payments will remain constant for the remainder of the loan.

 

[ Back To Real Estate Glossary ]


Stephanie Smith, REALTOR,
Westfield, New Jersey Real Estate
Antique & Historic Homes
Corporate Relocation
Beach & Waterfront Properties
Coldwell Banker Residential Brokerage,
209 Central Avenue,Westfield, New Jersey 07090

Great Links:
Westfield, NJ Westfield Today
Westfield, NJ Historic Society
Westfield, NJ Chamber of Commerce Westfield, NJ Trader Joe's Westfield, NJ Starbucks
New York City Historical Society
Attention Horse Lovers!


Find Your Dream Home | My Listings | Recent Sales | Click for Info | Market Analysis | GardenState MLS | Important Area Links | Important Numbers | Weather Report | Resources & Links | Staging Suggestions | About Me | Contact Stephanie | Blog | Corporate Website | Mortgage Calculator | Mortgage Rates | Real Estate News | Dining & Shopping | Recent Homes Sales | HGTV | Home

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu