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Daily Archives: April 24, 2010
1.25% Neg Am Loans: How Deferred Interest Mortgages is Good Home Financing
Do 1.25% interest rates really exist? Neg am mortgages calculate several mortgagerates. One is called the payment rate the other is the actual interest rate. Fortunately, the payment rate is capped at 7.5% of the previous payment. The true interest … Continue reading
Posted in mortgage
Tagged 1.25% start rate, credit lines, home equity loans, interest only loans, mortgage rates, mortgage refinance, negative amortization loans, payment option arm, pick a payment loans, second mortgage
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