Understanding Adjustable Rate Mortgages (ARMs)

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This course reviews the characteristics and components of ARMs. We will review the common features and adjustment periods of ARMs and the current indexs used in today’s market. A course exercise will test the participants' understanding of FIAR, adjustments and calculating the qualifying rate to determine the borrower’s DTI.

Learning Objectives: Participants will understand the components of an adjustable rate including caps. Calculate the FIAR Determine the qualifying rate for Agency loans

Recommended Prerequisites: None

Recommended Audience: Mortgage Professional, Loan Officer, Loan Processor, Underwriter

  • In-Person
  • Live Webinar
  • Recorded Webinar

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