Updated with rates that reflect today's mortgage market, this pocket-size handbook presents quick-reference number charts that eliminate the need for calculation.
Its tables are time-savers for business students, loan officers, and buyers seeking an adjustable rate mortgage. The tables are as follows: Monthly Payments, Payment Adjustments Resulting from Interest Rate Adjustments, Borrower's Worst Case Annual Percentage Rates, Borrower's Worst-Case Monthly Payments, Annual Percentage Rates for First Year, Value of Below-Market Initial Rate, and Annual Loan Balance Remaining.
