An adjustment date is a date specified in a mortgage loan agreement that determines when the interest rate on the loan is adjusted. This date is typically stated in the loan documents, and is usually a certain number of years after the loan origination date or the date that the loan is closed. The adjustment date marks the start of the loan’s adjustable-rate period, and may be accompanied by an adjustment period, which is the length of time between each adjustment. For example, an adjustment period of 12 months means that the interest rate on the loan will be adjusted once every 12 months. The adjustment period and the adjustment date are important to consider when taking out a loan, as they can have a significant impact on the monthly payments and the total amount of interest paid over the life of the loan.
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