Skip to content

ARM Loans- Calculating 1st Interest Rate Change

Answered by: 

Question: 
On ARM loans, is the first interest rate change calculated from the loan date or in the case of recission, the disbursement date?
Answer: 

The first interest rate change will happen according to your note - whatever that says. It is not determined by any other date.

First published on 07/26/2020

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics