Yep, it's usually a certain percentage point. Like "prime plus 1" means prime, plus one percent - so, um, 5.75, right now (I think).
On Fri, 21 Jan 2005 12:47:35 -0800, Sam <[EMAIL PROTECTED]> wrote: > So "The index will be the weekly average yield on United States securities > adjusted to a constant maturity of one year." means the Prime? > > Now I just need to find out what my margin is. > > Deanna Schneider wrote: > > That's commonly how they do ARM's. My HELOC is basically like that - > > it's tied to prime, but there's no margin. So, I just pay prime, > > whatever that is at any given point. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143883 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
