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Home / Questions / The margin on an adjustable-rate mortgage is 5.5% and the ratecap is 6.55% over the life o

The margin on an adjustable-rate mortgage is 5.5% and the ratecap is 6.55% over the life o

The margin on an adjustable-rate mortgage is 5.5% and the ratecap is 6.55% over the life of the loan. If the current index rateis 6.25%, what is the calculated interest rate of the ARM?

 

 

11.0%

 

 

11.75%

 

 

9.25%

 

 

12.2%

Nov 30 2019 View more View Less

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