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commercial green mortgage point rating general counsel for the California Mortgage Bankers Association. ``I think you have thousands and thousands of people who refinanced and this didn't even enter into their equation,'' said Grant Nelson, a law professor commercial green mortgage point the University of California-Los Angeles. ``They didn't even think about it.'' There are many types of mortgage loans. The two basic types of amortized loans are the fixed rate mortgage (FRM) and adjustable rate mortgage (ARM). In a FRM, the commercial green mortgage point rate, and hence monthly payment, remains fixed for the life (or term) of the loan. In the U.S., the term is usually for 10, 15, 20, or 30 years. In the UK the fixed term can be as short as five years, after which the loan commercial green mortgage point to a variable rate (which makes the loan an ARM). In an ARM, the interest rate is fixed for a period of time, after commercial green mortgage point it will periodically (annually or monthly) adjust up or down to some market index. Common indices in the U.S. include the Prime Rate, the LIBOR, and the Treasury Index ("T-Bill"). Other indexes like 11th |
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