What is the first year contract, Financial Management

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What is the first year contract

The index for year one is 6%, the margin is 2%, the lifetime cap is 6%, the annual cap is 2%, and the first- year-only teaser is 1%.

What is the first year contract rate? 6%, 7%, 8%, 12%?

The maximum interest rate allowable during the life of the mortgage is 12%, 13%, 14%, there is no maximum?

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Financial Management: What is the first year contract

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Financial Management: What is the first year contract

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