MLO Mentor: The adjustable-rate mortgage
MLO Mentor is an ongoing series covering compliance best practices for mortgage loan originators (MLOs). This article discusses the history of the adjustable rate mortgage (ARM) in the United States and how they work. The birth of the adjustable-rate mortgage In the United States, the most common type of home financing is the 30-year fixed-rate … Continue reading MLO Mentor: The adjustable-rate mortgage
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