Rate Improvement Mortgage
R
A B C D E F G H I J L M N O P R S T U V W Q f v Z
Reinstatement
Reinsurance
Renew
Renewable Term Insurance
Replacement
Reserve
Restrictions
Return of Premium
Rider
Risk
Standard Risk
Statutory Accounting Principles - SAP
Stock
Substandard Risk
Superpreferred Risk
Surrender
Tax-Deferral
Term Conversion
Term Life Insurance
Termination
Total Cash Value
Total Disability
Trust
Underwriter
Underwritting
Variable Annuity - VA
Variable Interest Rate
Waiting Period
Waiver of Premium
Whole Life Insurance


Rate Improvement Mortgage


Rate Improvement Mortgage - A fixed-rate mortgage that allows the borrower to reduce the interest rate of their mortgage without refinancing. You will only be allowed to adjust your rate to a lower interest rate one time during the term of your loan and you will need to do this within the period specified within the terms of your mortgage agreement (generally during the early years of your mortgage).

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