[SS LO] Adjustable-Rate Mortgage Loans
Course Description
Adjustable-rate mortgages are a nontraditional mortgage product available for qualified borrowers. These loans come in several forms, and allow certain homeowners to take advantage of interest rate changes to save money. Adjustable-rate mortgages may also be qualified mortgages.
This course will review adjustable-rate mortgages types, common features, and information about the index and margin, as well as details of how the Qualified Mortgage Rule applies to calculating monthly payments.
15 Minutes
Series: Mortgage Lending
Roles: Mortgage Professionals, Operations & IT
Course Format: Online Self-Paced
Package: Breakthrough
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