Financing第 78 / 120 题
In an adjustable-rate mortgage, the published economic indicator to which the interest rate is tied is called the:
a.Margin
b.Index
c.Cap
d.Point
解析
An adjustable-rate mortgage's interest rate is calculated by adding a fixed margin to a fluctuating index such as a Treasury or SOFR-based rate. The index moves with market conditions, while the margin stays constant. Rate caps limit how much the rate can change.
免费刷完整 120 道题库 — 无需注册。
同考点相关题目
- The federal Truth in Lending Act (TILA), implemented through Regulation Z, requires lenders to disclose the:
- California usury law generally limits the interest a private lender may charge, but a major exception exists for:
- A fully amortized loan is one in which:
- A loan with small periodic payments and one large final payment due at maturity contains a:
- A loan clause that charges the borrower a fee for paying off the loan early is a:
- A borrower pays $5,250 in discount points on a $350,000 loan. How many points did the borrower pay?