real estate finance - full book (500 pgs)

9 6 legislation

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Unformatted text preview: ................ 9-6 DRE Reference Book .......................................................................................... 9-6 Legislation ........................................................................................................... 9-8 Consumer Handbook........................................................................................... 9-8 CHARACTERISTICS OF ARM ................................................................................ 9-8 Low Initial Rate .................................................................................................... 9-8 Higher Future Payments...................................................................................... 9-9 How Does an ARM Work?................................................................................... 9-9 Characteristics of ARM Loans ........................................................................... 9-10 Index.................................................................................................................. 9-10 Margin................................................................................................................ 9-10 Adjustment Period ............................................................................................. 9-10 Payment Caps ................................................................................................... 9-11 Discounts........................................................................................................... 9-11 Negative Amortization and Adjustable Rate Mortgages..................................... 9-13 Advantages of ARM........................................................................................... 9-14 Disadvantages of ARM ...................................................................................... 9-15 California Adjustable–Rate Note........................................................................ 9-15 How Can The Borrower Reduce T...
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This note was uploaded on 12/30/2010 for the course SOC 101 taught by Professor Zhung during the Spring '10 term at Punjab Engineering College.

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