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Call a local mortgage banker and find out what interest rate and caps, both annual and life - of - loan, are in effect today

Call a local mortgage banker and find out what interest rate and caps, both annual and life

-

-

loan, are in effect today on an ARM.

What yield would an investor earn on the equity in a $

100, 000

loan at

10 %

wrapped around an existing loan with a balance of $

50, 000

payable at

12 %

interest

-

only?

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