2/28 ADJUSTABLE-RATE MORTGAGE - 2/28 ARM
Adjustable-rate mortgage with a two-year fixed interest rate period following the rate starts to float according to an index plus margin. Fully indexed interest rate pertains to the index plus margin. This short-term financing vehicle gives borrowers with time to fix their credit before refinancing a mortgage with more favorable terms.
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A-B Split
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Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
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A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
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