Conversion Clause
Last updated 2026-08-01
California Association of Realtors
Updated 2026-08-01
A provision in an adjustable-rate mortgage allowing the loan to be converted to a fixed-rate mortgage at some point during the term. Usually conversion is allowed at the end of the first adjustment period. The conversion feature may cost extra.
California Association of Realtors Glossary
California Association of Realtors · pp. 4–6
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