Current odds the U.S. Prime Rate will continue at 4.00% after the September 20TH, 2017 FOMC monetary policy meeting: 29.5% (not likely), with remaining odds -- 70.5% (somewhat likely) -- that the U.S. Prime Rate will be at least 25 basis points (0.25 percentage point) higher.
âNet tangible benefitâ is defined as:ï·A 5 percent reduction to the P&I of the mortgage payment plus theannual MIP, or ï·Refinancing from an Adjustable Rate Mortgage (ARM) to a fixed ratemortgage. Note: Reducing the term of the mortgage, in and of itself, is not a nettangible benefit.
What Is a Lifetime Maximum Benefit? Definition: The lifetime maximum insurance benefit is the maximum dollar amount that your insurance company will pay out during your lifetime for non-essential healthcare services. Lifetime maximum benefit clauses included in health care policies do not apply to essential services. Although many types of insurance policies use lifetime maximums such as long-term care insurance and dental insurance, a lifetime maximum benefit is generally associated with health insurance.