The 50/50 mortgage is ideally suited for:
- Are you unsure whether to go Variable or Fixed. This product eliminates this.
- Do you want a low interest rate and are more risk-averse than a typical ARM client.
- Do you want added flexibility in paying down your mortgage? ** The two portions operate independently of each other, so you can choose to make prepayments on the fixed portion which has the higher interest rate or you can choose to pay down the ARM portion aggressively which in turn further minimizes your future interest rate risk!
Features:
- 50% of mortgage amount is at current 5 year fixed rate pricing (now at 4.49%)
- 50% of mortgage is at current 5 year ARM pricing (now at Prime +.40%)
Neat idea.
1. Commercial and Residential Mortgages! 2. Private Lending at it's Best! Lowest Fees and Rates! 3. FUNDING PROJECTS & MONETIZING COLLATERALS/BANK INSTRUMENTS 4. Equity Based Financing.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
