With this kind of mortgage, your payments could increase or decrease.
My payments will increase by about $10 a month.
The payments would increase from 6 to 7 percent in succeeding years.
The payments would eventually increase to more than $1 billion annually.
The payment per home match increases to $295,000 in the round of 16.
Each January, your payments will increase automatically if the cost of living has gone up.
With this plan, your payments start out low and increase every two years.
Though the interest rate constantly changes, monthly payments increase only once a year, and then by no more than 7.5 percent.
This means that even if the interest rate remains the same, the monthly payment will increase from $1,250 to $1,610, nearly 30 percent.
But, he said, the village thought the payments from the insurance company increased the village's costs.