Two Step Mortgage

Concept of Two Step Mortgage in the context of Real Property

A short definition of Two Step Mortgage: A mortgage or deed of trust that begins with a fixed interest rate for a specified number of years and then uses an adjustable rate for the remaining years.

Concept of Two Step Mortgage in the context of Real Property

A short definition of Two Step Mortgage: A mortgage or deed of trust that begins with a fixed interest rate for a specified number of years and then uses an adjustable rate for the remaining years.