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The new adjustable-rate loan has an 11% interest rate, set for the first two years. Capitalized Cost Reduction This is lease-speak for a downpayment. For Rent - Other Cities 2 Apts. This policy was last updated on September 12, 2006. Material Brought to you by - TheLectric Law Library The Net's Finest Legal Resource For Legal Pros and Laypeople Alike.

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