Cost of Funds Index (COFI)
An index used to determine ARM rate adjustments
Full Definition
Why It Matters
Understanding cost of funds index (cofi) helps you make informed decisions about your mortgage. This knowledge can save you money and help you avoid common pitfalls in the homebuying process.
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Frequently Asked Questions
Cost of Funds Index (COFI) refers to an index used to determine arm rate adjustments. This is an important concept in mortgage lending that affects how your loan works.
Understanding cost of funds index (cofi) can help you make better decisions about your mortgage. Contact NMHL for personalized guidance on how this applies to your situation.
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