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December 08, 2006
Indices Applied To Interest Rates Of Adjustable Rate
There are several economic indices to which the interest rates in an ARM can be tied, and the monthly payment made by the borrower varies according to the specified index. An index can be applied in any of three possible ways: directly, on a rate plus margin basis, or on the basis of index
From Indices Applied To Interest Rates Of Adjustable Rate
Posted by Jim at December 8, 2006 03:00 PM
