Price Level Adjusted Mortgage
Definition of "Price level adjusted mortgage"
Interest rate on a mortgage is changed periodically based on the change in a general price index to take into account inflation, such as a yearly adjustment. An example is the consumer price index. For example, if the inflation rate increases so does the interest rate the borrower has to pay.
Popular Real Estate Terms
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Federal agency within the Department of Housing and Urban Development that provides financing to home buyers, particularly those with little cash or with a need to lower monthly payments. ...
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