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Q20: What is the qualifying rate for a 3/1 ARM with a note rate of...

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Q20: What is the qualifying rate for a 3/1 ARM with a note rate of 4.25% and 2/6 caps? The fully-indexed rate is 6.38%. 6.38% 0 5.25% 4.25% 6.25% Q20: What is the qualifying rate for a 3/1 ARM with a note rate of 4.25% and 2/6 caps? The fully-indexed rate is 6.38%. 6.38% 0 5.25% 4.25% 6.25%

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