a****a
发帖数: 359 | 1 Information of my Truth-in-lending disclosure
Loan amount: $240,400
APR (the cost of your credit as a yearly rate): 3.0696%,
Finance charge: $127, 109.22,
Amount financed: $239,430.34
5/1 ARM: introductory rate: 3.125%
Maximum during First five years: 8.125%
Maximum ever: (as early as July 1 2016): 8.125%
Margin: 2.25%
My questions:
1. why the financed amount is different from loan amount?
2. Why the APR is lower than my rate?
3. The rate in the first five year should be 3.125%, why it showed the
maximum during the first five year could be 8.125%?
4. If five years later, the market rate is 3%, my rate will be 3+2.25(margin
)%=5.25%, am I correct?
Thanks a lot! |
a****a
发帖数: 359 | |
b*d
发帖数: 9308 | 3 Amount financed不是你最后的贷款额，这个数字是正常的。其实truth-in-lending里
面的数字不用太在意，因为这个表是在Cost的Summary level。我建议你用GFE来看看数
字有没有问题。
【在 a****a 的大作中提到】
: Information of my Truth-in-lending disclosure
: Loan amount: $240,400
: APR (the cost of your credit as a yearly rate): 3.0696%,
: Finance charge: $127, 109.22,
: Amount financed: $239,430.34
: 5/1 ARM: introductory rate: 3.125%
: Maximum during First five years: 8.125%
: Maximum ever: (as early as July 1 2016): 8.125%
: Margin: 2.25%
: My questions:
|
a****a
发帖数: 359 | 4 Thanks, but the APR is lower than rate, so my monthly payment will be
caculate by rate or APR? Will it change during the first five year?
【在 b*d 的大作中提到】
: Amount financed不是你最后的贷款额，这个数字是正常的。其实truth-in-lending里
: 面的数字不用太在意，因为这个表是在Cost的Summary level。我建议你用GFE来看看数
: 字有没有问题。
|
d******n
发帖数: 2712 | 5 1. why the financed amount is different from loan amount?
里面含interest和一部分银行的收费。
2. Why the APR is lower than my rate?
这个我也不知道，不过，ARM是这样的。
3. The rate in the first five year should be 3.125%, why it showed the
maximum during the first five year could be 8.125%?
新的TIL是这么写的，我怀疑是我们对英语的理解跟老外不同，要么就是做表的人给搞
错了。
4. If five years later, the market rate is 3%, my rate will be 3+2.25(margin
)%=5.25%, am I correct?
是index是3%的情况下，rate是5.25%，跟market上能offer的rate没什么关系了。 |
a****a
发帖数: 359 | 6 Thanks a lot!
One more question, how can I get the index number? What's the index at this
time?
margin
【在 d******n 的大作中提到】
: 1. why the financed amount is different from loan amount?
: 里面含interest和一部分银行的收费。
: 2. Why the APR is lower than my rate?
: 这个我也不知道，不过，ARM是这样的。
: 3. The rate in the first five year should be 3.125%, why it showed the
: maximum during the first five year could be 8.125%?
: 新的TIL是这么写的，我怀疑是我们对英语的理解跟老外不同，要么就是做表的人给搞
: 错了。
: 4. If five years later, the market rate is 3%, my rate will be 3+2.25(margin
: )%=5.25%, am I correct?
|
b*d
发帖数: 9308 | 7 Index一般是LIBOR的利率。
this
【在 a****a 的大作中提到】
: Thanks a lot!
: One more question, how can I get the index number? What's the index at this
: time?
:
: margin
|
a****a
发帖数: 359 | 8 From the chart in the following link, we should use "FNMA 30 yr Mtg Com del
60 days", right? It is really high if plus margin. So we need either
refinance or sell the house within 5 years.
http://www.bankrate.com/rates/interest-rates/libor.aspx?ec_id=m |
d******n
发帖数: 2712 | 9 目前我们做的大部分是1 Yr Libor，网上可以查到的。目前似乎是0.78%
this
【在 a****a 的大作中提到】
: Thanks a lot!
: One more question, how can I get the index number? What's the index at this
: time?
:
: margin
|
b*d
发帖数: 9308 | 10 对，是１年Libor，肯定不是３０年．
【在 d******n 的大作中提到】
: 目前我们做的大部分是1 Yr Libor，网上可以查到的。目前似乎是0.78%
:
: this
|
a****a
发帖数: 359 | 11 sounds good. If someone with 5/1 ARM is due for adjust rate, his rate should
be 0.78+2.25 margin=3.03%, nice rate! |
b*d
发帖数: 9308 | 12 今天的Libor是0.727%，更低了。
should
【在 a****a 的大作中提到】
: sounds good. If someone with 5/1 ARM is due for adjust rate, his rate should
: be 0.78+2.25 margin=3.03%, nice rate!
|
d******n
发帖数: 2712 | 13 Libor好像是每个月不同的，从去年开始一直处在比较低的位置。 |
