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Rate Caps and Index
Questions (2)
a borrower received a 30 year ARM mortgage loan for 200,000. Rate caps are 3/2/6 the start rate is 3.50% AND the loan adjusts
3 answers
asked by
lAURA
3,757 views
A borrower received a 30-year ARM mortgage loan for $200,000. Rate caps are 3/2/6 (initial
adjustment cap/periodic interest rate
1 answer
asked by
Rita
1,076 views
Parent Categories (1)
Adjustable Rate Mortgage (ARM)
