FANNIE MAE ARM 7-6(tm) - Capital One
up to 7.5%, established at rate lock. Rate Lock • 30-day commitments available. Prepayment Provisions • One-year lock-out followed by a 1% prepayment premium thereafter • No prepayment premium during the last 3 months of the loan term. Conversion to Fixed Rate . ARM 7-6 allows the borrower to convert the Mortgage Loan to a fixed rate at any ................
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