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Ex. A loan may start with 2.9% rate tied to the prime rate + 2%. The loan will readjust every 6 months with a maximum increase of 2 percent per adjustment. The loan cap is 15.9%
Ex. A loan may start with 2.9% rate tied to the prime rate + 2%. The loan will readjust every 6 months with a maximum increase of 2 percent per adjustment. The loan cap is 15.9%
[[Category: Economics]]
see [[Financial Crisis of 2008]]
[[Category:Finance]]