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Yes. That's what I am doing right now.
"Regal53" <Regal53@bellsouth.net> wrote in message
news:gktEg.15645$qd.10579@bignews3.bellsouth.net...
> 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!!!!!!
>>
>
>
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Re: OPTION ARM, NO PAYMENT FOR 90 DAYS, NO CLOSING COST!
