Understanding Adjustable Rate Mortgages

June 4, 2019 | 2:00pm - 3:00pm ET

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Discover the characteristics and components of Adjustable Rate Mortgages (ARMs) through a review of the common features and adjustment periods of ARMs and the current indexes used in today’s market. You’ll walk away with an understanding of the components of an adjustable rate including caps, how to calculate the FIAR, and how to determine the qualifying rate for Agency loans.

About the Presenter

MaryKay Scully, Director of Customer Education, Genworth Mortgage Insurance
MaryKay Scully, Director of Customer Education, Genworth Mortgage Insurance

MaryKay Scully, Director of Customer Education for Genworth Mortgage Insurance, leads the GMILS series. She delivers nationwide customer training programs, including collateral development. MaryKay is a graduate of the National School of Banking and earned her MBA/Management from Fairfield University in Fairfield, Connecticut.