Variable Rate Mortgage (VRM) Financial Glossary

What is it? A long-term mortgage loan applied to residential properties under which the interest rate may be adjusted on a 6-month basis over the term of the loan. Rate increases are restricted to no more than 1/2 point per year and 2 1/2 points over the term.

Finance Term Definition Added By: Nicole

The Variable Rate Mortgage (VRM) definition has been viewed 3018 Time(s)!

Send To Friends!

If you'd like to send the Variable Rate Mortgage (VRM) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Variable Rate Mortgage (VRM). If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term passthrough rate is The net amount of interest paid to investors owning mortgage-backed securities after all servicing and guarantee fees are deducted.

Financial Term debt is Funds owed by a debtor to a creditor. Outstanding debt obligations are assets for creditors and liabilities for debtors. May or may not be covered by written agreements.

Financial Term Partnership is An agreement between two or more entities to go into business or invest. See also general partnership; limited partnership; joint venture.

Financial Term Past service costs is The past service cost is the extra liability that arises when the council grants extra retirement benefits that did not exist before.

Financial Term Portfolio is A spread of investments across the full range of financial vehicles, including cash, fixed income and shares.