Question: finance Loan 1 Loan 2 Loan 3 Loan 4 Initial Interest Rate Loan Maturity (years) 20 20 20 % Margin Above Index 3% 3% N/A

finance

Loan 1 Loan 2 Loan 3 Loan 4 Initial Interest Rate Loan Maturity (years) 20 20 20 % Margin Above Index 3% 3% N/A 3% Adjustment Interval 1 yr. 1 yr. N/A 1 yr. Points 1% 1% 1% 1% Interest Rate Cap None 3%/yr. 1%/yr. N/A Which loan is an unrestricted ARM? Loan 1 Loan 2 Loan 3 O Loan 4

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