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Resources > Glossary > Adjustable Rate Rider

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Adjustable Rate Rider

Phonetics: ad·just·a·ble rate rid·er    \ə-'jəs-tə-bəl\   \'rāt\   \'rīdər\

Definition 1:
The Adjustable Rate Rider document calculates the interest rate and monthly payments the borrower must make with an Adjustable Rate Mortgage. The interest rate would be based on the US Treasury Index at any given point in time.

Thesaurus / Related Terms
Adjustable Rate Mortgage
Adjustable Rate Note
Adjustment Date
Adjustment Interval
Adjustment Period
Multi-State Rider