Margin on an adjustable rate mortgage is the percentage point a lender adds to the index rate to determine the rate of i
Posted: Thu Jul 21, 2022 8:56 pm
Margin on an adjustable rate mortgage is the percentage point a lender adds to the index rate to determine the rate of interest. It is important for home buyers to understand all of the following basic features of an ARM Except:
A. Adjustment period
B. Index rate
C. Payment caps
D. Marginal rate of return
A. Adjustment period
B. Index rate
C. Payment caps
D. Marginal rate of return