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

For example, on a $10,000, 30-year loan with an initial interest rate of 3.750% in effect in June 2016, the maximum amount that the interest rate can rise under this program is 5.000 percentage points, to 8.750%, and the monthly (interest-only) payment can rise from a first-year payment of $31.25 to a maximum of $72.92 in the 8th year of the loan. ................
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