Add new ARM type mortgage #10
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yellowbean
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Complete with version 0.15.x |
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with
periodic adj cap ( increase each reset time)
life time cap ( total increase cap )
payment cap ( with negative amortization)
init rate with init period
201204_CFPB_ARMs-brochure.pdf
Probably new assumption at the end of initial period ends-> pct % of balance will repay if rate is higher .
ie.->
5/1, fix rate for 5 years and reset every 1 year afterwards
5/6, fix rate for 5 years and reset every 6 months afterwards
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