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-   -   Pentagon Federal 5/5 Arm Index (http://www.early-retirement.org/forums/f28/pentagon-federal-5-5-arm-index-56437.html)

JDARNELL 06-06-2011 10:00 AM

Pentagon Federal 5/5 Arm Index
 
Does anybody know what the index Pen Fed is using to base their 5/5 ARM off of at the reset? I checked their website and all I could find was it refers to "an index". Margin appears to be 2% added on to whatever is this index.

Tomcat98

brewer12345 06-06-2011 10:40 AM

It is the 5 year CMT ("constant maturity treasury").

Aiming_4_55 06-06-2011 01:37 PM

I called Pen Fed about this 5/5 ARM with the no closing costs.

After you submit your application, after a few days, you get an email that it'll take 60 - 90 days. After calling them, they say if they can't close within 90 days, they'll extend it.

I'm thinking, they should cancel the promotion as they can't provide customer service at the present time. ???

YMMV

Nords 06-06-2011 04:13 PM

Quote:

Originally Posted by Aiming_4_55 (Post 1077477)
I'm thinking, they should cancel the promotion as they can't provide customer service at the present time. ???

My impression is that they're struggling to provide customer service at any time, not just the present time or during promotions...

We're gettin' exactly what we pay for and nothing more.


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