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[DOC File]Types of Mortgage Loans - Schlumberger
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Fixed to 1, 3,5 7, or 10 years, then adjusts annually thereafter Initial Interest rate is considerably lower than any of the conventional products. Based on the lower rate, a buyer can qualify for a larger mortgage with the ARM. If you are with a company that routinely transfers you every 3 …
3 yr arm mortgage rates

[DOC File]NORTHERN BANK & TRUST COMPANY
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For example, the monthly payment for a mortgage amount of $60,000.00 would be: $60,000.00 divided by $10,000.00 = 6; 6 x $47.02 = $282.12 per month. You will be notified in writing at least 210 days, but …
fha 3 1 arm rates

[DOC File]Consumer Financial Protection Bureau
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Loan description (e.g. fixed-rate, 3/1 ARM, payment-option ARM, interest-only ARM) Basic features for comparison Fixed-rate mortgage ARM 1 ARM 2 ARM 3 Fixed-rate mortgage interest rate and annual percentage rate (APR) (for graduated-payment or stepped-rate mortgages, use the ARM …
3 1 arm for home mortgage

[DOCX File]Mortgage Calculator
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Mortgage amount. Loan term (e.g., 15 years, 30 years) Loan description (e.g., fixed rate, 3/1 ARM, payment-option ARM, interest-only ARM) BASIC FIGURES FOR COMPARISON. Fixed-Rate Mortgage. ARM 1. ARM 2. ARM 3. Fixed-rate mortgage interest rate and annual percentage rate (APR) (For graduated-payment or stepped-rate mortgages, use the ARM …
3 1 adjustable rate mortgage

3 1 arm mortgage rates