equity home loan rate variable

equity home loan rate variable condo

the future interest rate of your loan. Margin - This refers to the banks profit margin above the value of the financial index. The bank seeks to equity home loan rate variable a profit above the costs of inflation. The index is a measure of the cost of funds as measured by inflation. Index - A publicly published financial index such as LIBOR (usually 1 equity home loan rate variable 6 month or 12 month), 11th District Cost of Funds Index, MTA, etc. Start Rate - The introductory rate provided to purchasers of ARM loans for the initial fixed interest period. The difference between the "Start Rate" of an ARM and the rate of equity home loan rate variable fixed terms loan is that the "Start Rate". Period - This is the frequency of adjustments, the longer the rate remains fixed, the better the loan is for the borrower. Typically, the shorter this is the lower the rate, since there are more opportunities equity home loan rate variable adjust upwards. Floor - A clause that sets the