Pre-Application 5-1 Year Adjustable Rate Mortgage Loan ...

For example, on a $10,000, 30-year loan with an initial interest rate of . 3. 000 % in effect in June 201 6, the maximum amount that the interest rate can rise under this program is 5.000 percentage points, to 8.000 %, and the monthly payment can rise from a first-year payment of $ 42.16 to a maximum of $ 66.64 in the 8th year of the loan. To ... ................
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