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Adjustable Rate Mortgage
Questions (3)
A borrower received a 30-year ARM mortgage loan for $120,000. Rate caps are 3/2/6 (first adjustment/subsequent adjustments/total
1 answer
asked by
Donna
1,074 views
Jon Ericson bought a home with a 11.5% adjustable rate mortgage for 20 years. He paid $10.67 monthly per thousand on his
1 answer
asked by
C
970 views
which type of loan features lower interest rates for a short duration, then changes when current rate averages?
A. Point based
1 answer
asked by
unit
18 views
Subcategories (1)
Interest Rate Calculation
Parent Categories (3)
Home Loans
Mortgage Loan Calculation
Mortgages