> Real Estate Glossary




  Convertibility Clause

A provision in some adjustable-rate mortgages (ARMs) that allows the borrower to change the ARM to a fixed-rate mortgage at specified timeframes after loan origination.

 

[ Back To Real Estate Glossary ]

"It's Simple, I Listen."


Residential Listings | Lots / Land | Commercial | See "Sold!" Listings | Contact Diane | Home

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu