Fully Indexed Rate - What is it?
August 12th, 2007 by John Thomas
Fully Indexed Rate
The fully indexed rate is the combination of the index we have chosen plus the fixed margin the lender places on the loan. This is often different than the initial rate offered, or the ³start rate². The fully indexed rate will only fluctuate at the adjustment period of your ARM, and may be subject to caps that determine how much they may increase within a certain time period.
I am a Delaware native who has been actively involved in the Mortgage and Finanace industries for over 10 years