Oh my goodness I REALLY APPRECIATE how clear the explanation and example of ARMS taught here. It was completely foreign to me but this brought so much clarity
Pricing locked and loan closed are two different things. Once the rate is locked the initial rate will change based on program perimeters rate locked under and specified in the Note. The margin is determined when rate is locked and will remain the same for the life of the loan.
@@MortgageEducators I failed my third time today but I think they shorted it to 3 months until my next test and I will come back stronger and pass and then get a real estate license after. I failed by 2 points and three months ago I didn’t know what a mortgage was
We invite everyone to join our study group on Facebook: facebook.com/groups/152133893322821
Oh my goodness I REALLY APPRECIATE how clear the explanation and example of ARMS taught here. It was completely foreign to me but this brought so much clarity
Taking my test for the 4th and (hopefully) final time! Thanks for explaining this to me again - Arms are so hard for me.
You can do it!
How was the test?
Great one of the best on YT!
Wow, thanks!
Pricing locked and loan closed are two different things. Once the rate is locked the initial rate will change based on program perimeters rate locked under and specified in the Note. The margin is determined when rate is locked and will remain the same for the life of the loan.
Excellent explanation, it helps me a lot to understand
Taking my test tomorrow I’m so nervous
Did you pass?
Just what I needed David :) Thanks
You got it, Ryan!
Your look like my boss
Taking my test today
David is THE boss.
@@MortgageEducators I failed my third time today but I think they shorted it to 3 months until my next test and I will come back stronger and pass and then get a real estate license after. I failed by 2 points and three months ago I didn’t know what a mortgage was