Maryalice Ryan
Maryalice Ryan
(908) 917-5801
maryaliceryan@comcast.net

Coldwell Banker Residential Brokerage
209 Central Avenue
Westfield, NJ 07090
Direct Line: 908-928-9121
Cell: 908-917-5801
Fax: 908-233-8780

Westfield, New Jersey Area Real-Estate


Real Estate Glossary

  CD-Indexed (Certificate of Deposit) ARMs

The Certificate of Deposit index represents the weekly average of secondary market interest rates on six-month negotiable CDs. The initial interest rate and payments adjust every six months after an initial six-month period.

ARMs with this index typically come with a per-adjustment cap of 1 percent and a lifetime rate cap of 6 percent.

 

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