Larger franchise operators that have a financial executive may be more likely to consider an adjustable rate loan
, because they have an eye to financial statements and can make a decision on when to pay down debt or to refinance into a fixed-rate product.
While some borrowers are locking in long-term, fixed-rate financings, others are taking great advantage of Freddie's seven-year, adjustable rate loan
structure," stated Throne.
Remember, a good lender, once he or she understands your financial situation, should be able to present several scenarios, which include getting a second mortgage, refinancing the first mortgage, getting an adjustable rate loan
or simply cashing out the equity in your home.
APF provided this financing through Freddie Mac utilizing a bifurcated structure with an $80 million fixed-rate component; and an additional $15 million adjustable rate loan
San Bernardino businessman Duke Djanbatian owns three rental properties and a home in Lake Arrowhead, financing all with some form of an adjustable rate loan
Nima Nattagh, an analyst at FNC, which supplies real estate market information to the mortgage banking industry, said buyers should also be careful in selecting an adjustable rate loan
A seven year, adjustable rate loan
for $100,000with two points paid up front has an interest rate of 7.
The seven-year, Freddie Mac, adjustable rate loans
are secured by a 78-property portfolio of independent living facilities located in 30 states across the country.
8 percent in the greater San Fernando Valley during July as trouble with adjustable rate loans
continues to mount, a university research center said Tuesday.