Question: Question An ARM loan, Loan Amount - $250,000; Monthly Payments, Index - 1-Year Treasury bill. Index at the end of year 1 is 7%. Index

Question An ARM loan, Loan Amount - $250,000; Monthly Payments, Index - 1-Year Treasury bill. Index at the end of year 1 is 7%. Index at the end of year 2 is 6.5%. Index at the end of year 3 is 8.0%. One Year Adjustable, Margin - 1.50%, Term - 30 years. interest Rate Caps: annual 2% and life 5.5%, Teaser Rate = 5%. The loan has negative amortization Mortgage rate in year 3 BON 7.5% 8.5% 6 Previous Next >

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