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Tim buys an apartment that costs $750,000 with an 85% LTVmortgage. Tim got a 30 year, 3/1 ARM with an initial teaser rate of3.75% and

Tim buys an apartment that costs $750,000 with an 85% LTVmortgage. Tim got a 30 year, 3/1 ARM with an initial teaser rate of3.75% and monthly payments. The reset margin on the loan is 300basis poin 2 answers

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