http://www.fhaloanpros.com/2008/06/is-the-libor-on-target/ The Unofficial Guide to FHA Loans & Mortgages Sat, 21 Nov 2009 08:43:51 +0000 http://wordpress.org/?v=2.6 http://www.fhaloanpros.com/2008/06/is-the-libor-on-target/#comment-44570 Joe Bruno Sun, 15 Mar 2009 19:04:47 +0000 http://www.fhaloanpros.com/2008/06/is-the-libor-on-target/#comment-44570 My mother is considering a reverse mortgage and the ARM is based on the Libor Index. I expected the Libor Index to be similar to the Prime Rate, however, during my investigation, I see things like 3M, 4M, 5M, etc ... index. If her loan adjustment is annual, does she use the 12M Libor index interest rate? My mother is considering a reverse mortgage and the ARM is based on the Libor Index. I expected the Libor Index to be similar to the Prime Rate, however, during my investigation, I see things like 3M, 4M, 5M, etc … index. If her loan adjustment is annual, does she use the 12M Libor index interest rate?

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