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

-Except for the initial interest rate, (which will be in effect for 10 years), the interest rate will be based on the average of the interbank offered rates for one year U.S. dollar-denominated deposits in the London market - "LIBOR" (your index), plus our margin, and rounded to the nearest 1/8%. Ask us for our current interest rate and margin. ................
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