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.
The Adjustable Rate loan
group consists solely of adjustable rate mortgages that are secured by first liens.
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.
To offset the negative impact of lower loan originations and sales currently being experienced by the industry, the company has aggressively reduced overhead costs, diversified its lending activities and directed its efforts to higher margin loan products including equipment leasing, multi-family and commercial mortgage loans, as well as increasing its adjustable rate loan
portfolio held for investment at Southern Pacific Thrift & Loan Association.
has introduced three new adjustable rate loan
Our adjustable rate loan
portfolio will reprise higher as rates increase and transaction accounts continue to replace higher cost certificate deposits.
To meet our client's needs, we arranged an adjustable rate loan
at today's highly-favorable rates," said Mr.
This has increased our cost of funds, which should ultimately be passed on through increases in our adjustable rate loan