I own examine on adjustable-rate mortgage?

Home rate with an Adjustable-rate mortgag. The margin on the loan is 2.7%, the rate hat is 7.2% over the life of the loan. If the current index rate is 4.3%, what is the initial interest rate of the ARM?
Answers:
It will be 7.0% Source(s): http://www.internationalstudentsguide.co…


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