Navigation:  Loan Screens > Account Information Screen Group > ARM Information Screen > ARM Detail tab > Rate Information field group > Rate Change Frequency

Entry: User, numeric, 3 digits

F/M: Yes

Mnemonic: LNAMFQ

Screen: Loans > Account Information > ARM Information > ARM Detail tab

 

Enter the frequency (in months) the rate will change on this loan.  A six-month change would be entered as “6.” This field must be greater than zero.

 

For loans that do not have rate changes for the first 3, 5, 7, or 10 years, but yearly thereafter, refer to Two-Step Loans.