WHen you lower the customer’s rate from 4.25 to 4.15 are you reducing the margin for the entire life of the loan or are you just discounting the initial rate for a period of time, such as one year?
If you are discounting the rate, as stated above, the presence of the discount constitutes a different program, but the amount of the discount does not. A reduced margin does not constitute a different program. For the margin you use a representative example, an actual margin you used recently.