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Annual Percentage Rate Below Interest Rate on ARM?
May 5, 2003 "I?m considering a 3/1 ARM and am confused about the APR on this loan. I thought that when there were lender fees, the APR would be above the interest rate. But this 3 /1 ARM has lender fees, yet the APR is below the interest rate. Is this lender making a mistake ... more... Interest Rate Above APR on Adjustable Rate Mortgage? May 5, 2003, revised April 8, 2004 "I?m considering a 3/1 ARM and am confused about the APR on this loan. I thought that when there were lender fees, the APR would be above the interest rate. But this 3 /1 ARM has lender fees, yet the APR is below ... more... |
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interest rate calculation related definitions |
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Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... Variable Rate Mortgage Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more... |
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More about interest rate calculation Glossary of Common Terms Used During the Mortgage Process Secured Homeowner Loans to Reiterate that a Home Provides More than a Roof Over Your Head What's The Truth Behind Your Finances? Personal Loans - To Make A Personalized Financial Agenda Adjustable Rate Mortgage Information Basics Refinance Mortgage Rate Calculators - Valuable Tools For Getting The Best Loan Home Mortgage and Financing Terms You Will not Allow Your Mortgage to Go Astray in the Absence of Mortgage Advice Short-Term Interest Rates on the Rise; Adjustable Rate Mortgage Holders Prepare for Increase in Rate Low Interest Credit Cards
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