How adjustable-rate mortgages really move
Finding your ARM terms
In brief
Your note or ARM rider lists the index, margin, adjustment dates and caps. The Closing Disclosure summarizes them in the adjustable interest rate table. Keep both, because they decide every future change.
Last reviewed against the primary sources listed below.
Look for
- Adjustable interest rate table.
- ARM rider.
ARM questions
Where are my ARM terms?
In the note or ARM rider, summarized on the Closing Disclosure.
What is an ARM rider?
An addition to the note with the adjustment terms.