The lender changes due to changes in interest rate loans , or loan repayment amounts or at different times and there are several :

1 the change rate loan (ARM): A few years ago these loans typically offer lower fixed interest rate , then interest rates with the index ( usually the one-year treasury bonds Lender and change, but at the same lender (T-bill Rate) limit the maximum change amount (CAP). some loans are also limited to the minimum amount of change (Floor).

2 convertible ARM (Convertible ARM): These loans typically allow the lender (Borrower) will change rate loan within a certain time limit to convert fixed-rate loans . For example, a fixed annual interest rate for the first five years .

3,can be renegotiated rate loans (Renegotiable? Rate Mortgage or Rollover): A few years ago such loans are usually fixed interest rates and monthly payment amount , and then allow the lender to renegotiate rates.

4 progressive payment loans (Graduated Payment Mortgage or GPM): The first two years of payment of such loans is low, but in the first 5-10 years or gradually raised .

5 the shared appreciation loans (Shared-Appreciation Mortgage): These loans provide below-market interest rates , but the lender shared housing appreciation , at the time of the agreement or sell the borrower must pay the lender the appreciation of shared parts.