For an adjustable rate mortgage (ARM), the amount of time between one rate change and the next, usually between one, two, or three years, is referred to as the adjustment period.

Question

For an adjustable rate mortgage (ARM), the amount of time between one rate change and the next, usually between one, two, or three years, is referred to as the adjustment period.​

Quizplus · Accepted Answer

The adjustment period in an ARM defines the interval at which the interest rate can change, typically set at one, two, or three years, depending on the specific terms of the mortgage.

For an Adjustable Rate Mortgage (ARM), the Amount of Time