12 MTA
12 MTA
An interest rate index that is used on some ARMs. See Adjustable Rate Mortgage/ARM Rate Indexes.The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
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The loan featured a rate of 2.6% over 12 MTA with a 10-year term, 30-year amortization;
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