Mortgages Made Simple with Rick Gundzik

Sunday, February 3, 2008
Caps, Indices and Margins, What does it all mean - February 3, 2008
One of the most frequent questions we get is how does an Adjustable Rate Mortgage (ARM) work. What are the key components of an Adjustable Rate Mortgage? We explain what caps are, what the most common indices are, and how to use the margin to calculate your interest rate. Mortgages Made Simple logo This can be a confusing topic, but in this encore episode we do our best to break it down and make it easy for you to understand.





Show Notes: Link to Indices



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