Kiến thức vay thế chấp chungCâu 171 / 400
Which of the following is an example of an index that can be used to set the rate on an adjustable-rate mortgage?
a.The loan's margin
b.The borrower's FICO score
c.SOFR (Secured Overnight Financing Rate)
d.The origination fee
Giải thích
SOFR is a common market index used to adjust ARM rates. The margin is added to the index (not the index itself), and the FICO score and origination fee are unrelated to the ARM index.
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