Adjustable-rate mortgages

de Jack P., Ph.D., CPA Friedman, Jack C., Ph.D. Harris

Revised and updated with rates that reflect todayÆs real estate mortgage market, this pocket-size handbook presents quick-reference number charts that eliminate the need for calculation. As such, its tables are time-savers for business students, loan officers, and buyers seeking an adjustable rate mortgage. The tables are as follows: Monthly Payments, Payment Adjustments Resulting from Interest Rate Adjustments, BorrowerÆs Worst Case Annual Percentage Rates, Borrowers Worst Case. Monthly Payments, Annual Percentage Rates for First Year, Value of Below-Market Initial Rate, Annual Loan Balance Reduction, and Worst Case Annual Percentage Rate for Convertible Adjustable Rate Mortgages.