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after the initial period of a 5 year arm, what index is used to set the new rate? Is it set once a month or once a year?
Terry, Delmar, NY
October 27, 2015 03:59:53 PM
In reply to Terry, Delmar, NY
We appreciate you inquiring about our mortgage products today.
If you have an adjustable rate mortgage with us, the rate after the initial period can vary and this is specific to your loan. If you would like to know the index we'll use to set this upcoming rate for your loan and how often this would change, we ask that you get in touch with our Financial Solutions Group. We are available for you 24/7 at 800-937-5020, using option 1.
If it's easier for you, please feel free to visit us at any TD Bank Store for assistance as well and you can find a listing of Stores closest to you at: http://bit.ly/TDStores.
We hope this will help, Terry.
Thanks again for your message and we hope to chat with you soon!
Kristen P, Mount Laurel
October 27, 2015 04:00:45 PM