Rate Improvement Mortgage

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January 1, 1 6 min read Definitions
Rate Improvement Mortgage
Rate Improvement Mortgage Interest Rate Reduction Mortgage Loan Features Fixed-Rate Mortgage Mortgage Provisions
A Rate Improvement Mortgage is a type of mortgage loan that includes a provision allowing the borrower to reduce the interest rate when market rates decline. This option can generally be exercised only once during the life of the loan.
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