Again, the idea behind the ARM hybrid loan
was to entice the buyer into a contract, this time with a low teaser rate
for five years that would, in all probability, reset to a higher rate. The
attractiveness of this plan rested on selling the house for a profit prior
to the reset date. Once the witching hour struck, it was likely that
higher payments would be necessary. This was based on the interest
rate index chosen as the benchmark, either LIBOR or T-bills, and
whether the contract had been interest-only before its reset versus
interest plus amortization of principal.
意思
再次,背后的意念是为了吸引手臂混合贷款的买家的合同,这次是在一个较低的玩笑话ratefor五年,在所有的概率,被重置到一个较高的利率。反对这个计划的Theattractiveness搁在卖房子的事儿来获利priorto重置的日期。午夜时分袭击后,它就可能更高的支出将是必要的。这是基于利率指标选择为基准,要么拆借或T-bills,andwhether合同之前,它一直interest-only复位和利息加分期偿还本金。
不知对不对啊