ST Alpha - "Are we talking about Fixed loans or ARMs?" (Reading a Post)

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Are we talking about Fixed loans or ARMs?

Posted by JaxSean (aka JaxSean) Feb 20 '09, 13:54

ARMs have caps on what they can raise or lower the rate each year. The bank can't change the repayment schedule in the TIL based on a change in the value of the house, unless there's a specific clause in the contract that states it.

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- They are completely unrelated. - pmb Feb 20, 14:00

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Are we talking about Fixed loans or ARMs?

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