What Do Caps of 5/2/5 Mean on a Mortgage Loan? | Sapling
What is an ARM?
Refinancing Your ARM When It's About To Reset
Adjustable Rate Mortgage - ARM Loan
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 ...