VA 3/1 hybrid arm - does the rate adjust on the remaining balance or the original loan amount?
Phil Georgiades (phil@fedhomeloan.org)
#994 ranked lender in California - 21 contributions
The interest rate is calculated on the remaining balance.
Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions
Remaining balance. With a VA 30 yr fixed dipping down into the 3syou definitely want to know exactly what you are doing when you choose otherwise!
Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions
Remaining balance and term.
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