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pmt_floor_resetpmt_floor_reset (variable)
Maximum percent a payment can decrease at each payment reset
Declared as: double
Description:
The maximum percent the current payment can decrease at each payment reset for an ARM. The number is stated as a percent (that is, 10% = 10.0 and means a current payment of $100.00 can only decrease to $90.00 at the next payment reset and to $81.00 at the subsequent payment reset, and so on)
Valid values:
Any number greater than zero
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