Super Finance Glossary
Over 10,000 financial glossary terms...
Variable Maturity Mortgage
Variable Maturity Mortgage
Definition: A long-term mortgage loan under which the interest rate may be adjusted periodically. Payment levels remain the same but the loan maturity is lengthened or shortened to accommodate the adjustment.
Definition: A long-term mortgage loan under which the interest rate may be adjusted periodically. Payment levels remain the same but the loan maturity is lengthened or shortened to accommodate the adjustment.