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

For example, on a $10,000, 30-year loan with an initial interest rate of . 2.875% in effect in Ju ne 201 6the maximum amount that the interest rate can rise under this program is 5.000 percentage points, to 7.875% and the monthly payment can rise from a first-year payment of $ 41.49 to a maximum of $ 67.05 in the 8th year of the loan. To see what your payment is, divide your mortgage amount by ... ................
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