Business, 22.06.2019 11:20 andrea1704
Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?
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Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the...
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