|
|
|
|
|
Thanks Jeff for expanding on ARM cons on a rising rate market. It seems to
me that ARM to FRM refi is where the $ is at now, would you agree? Thanks
again.
"Jeff Strickland" <crwlr@yahoo.com> wrote in message
news:HPednaOWNtpvQ3zZnZ2dnUVZ_uqdnZ2d@ez2.net...
> That's a tough gig, selling an ARM in a rising market.
>
> No payment for 90 days
> At least 30 days are collected in escrow at closing, the remaining 60 --
> or all 90 if 30 are not collected in escrow -- are a neg am.
>
> Min. Payment
> This is a neg am payment. the interest due but not paid is tacked onto the
> back end of the loan. Subsequent payments go up. The cap on the negative
> is 125% of the initial loan amount.
>
> Interest Only
> This option pays all interest that is due.
>
> 30- and 15-year Options
> These are precisely what they appear to be, they reduce principle to repay
> the loan in either 15 or 30 years. If there is an Interest Only or a Min.
> Payment made along the way, these two payments will go up to keep the term
> at 30 or 15 years.
>
>
> Payments on any of these options will rise or fall each month as the
> market goes up and down, and they will go up following any Minimum
> Payment.
>
> Don't get me wrong, I like the loan product. But, it's complicated product
> and anybody that considers one should be fully informed.
>
>
>
>
> <irwin.sanjose@yahoo.com> wrote in message
> news:1155619082.725315.314710@m73g2000cwd.googlegroups.com...
> OPTION ARM, 1% RATE Lending...
>
> Call us for a FREE Consultation!
> 1-877-LEND-150 is just what the doctor ordered!
>
> :: Need to lower you over head and expences?
> :: Want to create a Positive Cash Flow on an Investment Property?
> :: Feeling the pain of loosing deals & wasting time?
> :: Sick of being negative every month?
>
>
> And Now!!.. 5 Payment Options
> (example on a $750,000 Loan)
>
> 1. Waive Payments 1st 90 Days -> NOTHING FOR 90 DAYS
> 2. Minimum Payment -> $2412.30
> 3. Interest only Payment -> $4062.50
> 4. 30 Yr fully amortized -> $4740.51
> 5. 15 Yr fully amortized -> $4488.71
>
>
> Broad Choice
> » Purchase / Refinance
> » Cash-Out upto 100% LTV
> » Residential Properties
> » Debt Consolidation
> » 40yr financing on MTA
> » (Zero!) 0% Rate & No Payments for the first 90 days
> » Loans to $2 Million
> » Ability to lend in 50 States
>
> Loans for Real People
> .: Cash-out
> .: Rate & Term
> .: Lower your Over Head
> .: Debt Consolidation
> .: Create Positive Cash Flow
> .: Great for Investers
> .: Work smarter not Harder
> .: Use savings to spend more time with your family
> .: No Doc ,?Stated,?Full Doc,?Non-owner ,?2nd Home,?
>
> Benifits:
> » $0.00 Closing Cost (subject to resrtictions)
> » No PMI
> » Payment Deferral
> » Knowledgable Mortgage Professional
> » Tailor Made Needs
> » Tax write-off
> » ...and the Obvious - LOWER MONTHLY PAYMENTS
>
> Silver Lending Group, LLC. is a "partner you can trust" and not an
> impersonal,
> inflexible processing factory.
> 1-877-LEND-150
>
> Regards,
>
> Silver Lending Group, LLC
> IRWIN ELLIS
> toll free: 877 LEND 150
> tel: 408.441.1494
> fax: 408.441.1496
> email: Irwin@silverlending,com
>
> We do mortgages in 50 states!!!!!!
>
|
|
|
|
Re: OPTION ARM, NO PAYMENT FOR 90 DAYS, NO CLOSING COST!
