AgentMortgage

How to calculate adjustable-rate-mortgage reset

Learning 'current projected rate' will yield best estimate
Published on Sep 10, 2007

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In recent weeks, my mailbox has overflowed with messages of distress from borrowers faced with an imminent rate adjustment on their adjustable-rate mortgages (ARMs). Most of them want to refinance, but many of those who had earlier taken 100 percent ...

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