A+ Realty Profesinals, Inc - Thayer D. Fairing Licensed Real Estate Broker (25 Years of Experience)
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Real Estate Glossary of Terms

Rate-Improvement Mortgage

A fixed-rate mortgage that includes a provision that gives the borrower a one-time option to reduce the interest rate (without refinancing) during the early years of the mortgage term.

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© 2024 A+ Realty Profesinals, Inc., All Rights Reserved
Thayer D. Fairing, Licensed Real Estate Broker, License # BK3232450; 25 years of experience in the real estate profession.
He is a licensed Real Estate Broker, Licensed Mortgage Broker and Licensed Title Insurance Agent

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