Glossary - Don Wixom, Nampa, Caldwell, Boise, Eagle, Meridian | Complete Idaho MLS | Idaho Real Estate Agent

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Payment Change Date	The date when a new monthly payment amount takes effect on an adjustable-rate mortgage (ARM) or a graduated-payment adjustable-rate mortgage (GPARM). Generally, the payment change date occurs in the month immediately after the adjustment date.

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Glossary V2.0

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