Adjustable Rate Mortgages
Author | : Jack P. Friedman |
Publisher | : Barrons Educational Series |
Total Pages | : 308 |
Release | : 2004-08-01 |
ISBN-10 | : 0764124544 |
ISBN-13 | : 9780764124549 |
Rating | : 4/5 (44 Downloads) |
Book excerpt: Revised and updated with rates that reflect today’s real estate mortgage market, this pocket-size handbook presents quick-reference number charts that eliminate the need for calculation. As such, its tables are time-savers for business students, loan officers, and buyers seeking an adjustable rate mortgage. The tables are as follows: Monthly Payments, Payment Adjustments Resulting from Interest Rate Adjustments, Borrower’s Worst Case Annual Percentage Rates, Borrowers Worst Case Monthly Payments, Annual Percentage Rates for First Year, Value of Below-Market Initial Rate, Annual Loan Balance Reduction, and Worst Case Annual Percentage Rate for Convertible Adjustable Rate Mortgages.