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Glossary
A B C D E F G H
I J K L M N O P
Q R S T U V W
X Y Z
V Variable-rate mortgage A mortgage in which the loan rate changes during the life of the loan, usually at one, three, or five-year intervals. Changes are governed by the movement of an index, such as the treasury bill, treasury securities index, or a national or regional average cost of funds index. |
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