October 9, 2015

Homework Help: Math interest rate

Posted by Anonymous on Wednesday, November 14, 2007 at 2:21pm.

Please explian how to figure out the the initial interest rate of the ARM ?
Given th these facts thanks :)

Ben bought a home with an adjustable-rate mortgage. The margin on the loan is 2.7% and the rate cap is 7.2% The current index rate is 4.3%

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