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ADJUSTABLE RATE MORTGAGE LOAN PROGRAM DISCLOSURE FOR 15-20-30 YEAR LOANS INTEREST LOCKED FOR 1, 2, 3, 5 OR 7 YEARS HOW YOUR PAYM
SOLVED: Assume that a lender offers a 30-year156,000 adjustable rate mortgage (ARM) with the following terms: Initial interest rate=7.5percent Index= one-year Treasuries Payments reset each year Margin=2percent Interest rate cap=1percent ...
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