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What You Need To Know About Adjustable Rate Mortgages

 
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Eder
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Joined: 24 May 2006
Posts: 1241
PostPosted: Sun May 25, 2008 4:03 pm    Post subject: What You Need To Know About Adjustable Rate Mortgages Reply with quote
A rate cap protects consumers from wild swings in their <b>loan</b> index by limiting the increase from period to period. Without rate caps in a volatile market an index could start at <b>6</b>% and shoot up to 12% by the end of the adjustment period <b>...</b>

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