JoAnn Conrad
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Buying a home and obtaining a mortgage is probably the biggest financial commitment you’ll ever make. Whether it is your first purchase or you have bought several homes in the past, previewing homes for sale, selecting which home is best for you, negotiating the purchase agreement, and closing the sale is a major process. It is important to have an experienced, competent realtor to represent your best interests in any type of real estate transaction.

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Guides/Glossaries



  CD-Indexed (Certificate of Deposit) ARMs

The Certificate of Deposit index represents the weekly average of secondary market interest rates on six-month negotiable CDs. The initial interest rate and payments adjust every six months after an initial six-month period.

ARMs with this index typically come with a per-adjustment cap of 1 percent and a lifetime rate cap of 6 percent.

 

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