Definition: A financing method allowing a change from an adjustable-rate to a fixed-rate mortgage.
Pronunciation: \kən-ˈvər-tə-bəl\ \ˈmȯr-gij\
Used in a Sentence: We were able to change to a fixed-rate mortgage because we had a convertible mortgage.
How do you earn bigger commissions in real estate? In this week's episode of State of Real Estate, you'll learn the secrets to earning bigger real estate commissions. Join us...
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