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Business, 31.10.2019 04:31 sammigrace5820

Chegg tim wants to buy an apartment that costs $750,000 with an 85% ltv mortgage. tim got a 30 year, 3/1 arm with an initial teaser rate of 3.75%. the reset margin on the loan is 300 basis points above 1 year cmt. there are no caps. tim anticipates the index to be 3.50% at the time of the 1st reset. what is tim’s monthly mortgage payment going to be during the 1st 3 years?

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Chegg tim wants to buy an apartment that costs $750,000 with an 85% ltv mortgage. tim got a 30 year,...
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