5-1 HYBRID ADJUSTABLE-RATE MORTGAGE - 5-1 HYBRID ARM
Adjustable-rate mortgage with a fixed interest rate for five years. After this period, the interest rate becomes floating annually based on an index plus margin or fully indexed interest rate. Normally, the interest rate cap structure limits the pace and the extent to which the margin can be changed. There are various indexes the margin might be linked to. While the index is variable, the margin is fixed for the loan’s life span. Also called five-year fixed-period ARM.
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Accelerated Amortization
It is an extra payment that is made toward a mortgage principal. By using accelerated amortization, the loan borrower can pay additional payment to ...
SFC
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Raider
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Net Sales
It refers to the gross revenues minus returns and discounts of a company. It is the amount presented in an income statement under sales revenue.
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