arm 5/1 rate
I am trying to find mortgage rate online. I tried different condition. What puzzles me is with credit score 710-719 it gives best rate 2.875%. With other credit score but same other condition such as loan amount and downpayment 20%, the ARM rate is higher 3.125%. I thought the better credit score the better rate. Can anyone please explain it? Thanks. by armsp_520_115 from Clarksburg, West Virginia. Sep 9th 2011
Rich Alino (PrivateBanker)
#56 ranked lender in New York - 41 contributions
for a conventional mortgage the score, LTV and loan amount are the factors that generate rate. for us in private banking we offer the 2.5% IO for any term up to 100 LTV, for borrowers that are looking for more then a loan but a relationship, and the conventional loan rules really dont apply for us.you can see more abour our programs at www.superjumboloans.info orif interested in private banking you may email your contact to us at privateequity@harbourequitypartners.com
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