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Old 09-28-2005, 11:03 AM
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Default Re: [IncomeProperties] Residential Loan Program

I think i know what you are talking about. It appears to me though, they have put two loan programs together. I hear this all of the time. I have double checked with my lenders thinking I dont understand what they are offering...and they told me no, you're right, who ever is putting this information out is...misinformed...
So, I think you are talking about 2 different programs.
In each case, they are adjustable.
In the 1% case, that is a minimum payment. IF the actual interest is 5.5, that means 4.5 is deferred interest.
There is much to both programs, and I think they are great programs, used properly. Let me repeat that...used properly. Let me know what your needs are, and I will let you know if i can help you.
Bobbie Floerchinger
Super Mortgage
727-547-8776 office
727-235-3181 cell

Crystal Investment Property <> wrote:
Anyone have information/feedback on a residential loan program promising
Jumbo sized loans for re-fi's at a current rate of 1% interest over a 30
year term, adjustable and tied to the bank's savings program rates?

Thanks - Michelle Kennedy

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