A Dictionary of Terms for the real estate and lending industry. Includes terms specific to real estate contracts in the St. Louis, Missouri area.
Real Estate Terminology for: Chesterfield - Ballwin - Ladue - Clayton - Kirkwood - Webster Groves - Eureka - Fenton - St Charles - City of Saint Louis - RE/MAX Properties West - Agents licensed in MO.
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Convertible ARMs-
ARMs that have a provision allowing the borrower to convert the mortgage to a fixed rate term. The conversion feature is outlined in the mortgage note and has certain restrictions.
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