Kiến thức vay thế chấp chungCâu 114 / 400
On an adjustable-rate mortgage, the published economic benchmark that moves the interest rate up or down at each adjustment is called the:
a.Margin
b.Index
c.Cap
d.Note rate
Giải thích
The index is the market benchmark (such as SOFR) that fluctuates; the lender adds a fixed margin to it. Caps limit how much the rate can change, and the note rate is the rate actually charged on the note.
Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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