Variable-Payment Plan

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January 1, 1 5 min read Definitions
Variable-Payment Plan
Variable-Payment Plan Mortgage Repayment Interest Rate Changes Amortization Flexible Payment Mortgage Graduated Payment Mortgage Variable-Rate Mortgage
A Variable-Payment Plan is a mortgage repayment schedule that allows for periodic changes in monthly payments. These changes can result from the expiration of an interest-only period, a planned step-up in payments, or fluctuations in an interest rate index.
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