45 Year Amort?? - Posted by Patrick S. Lawson

Posted by Brian (WA) on December 01, 2005 at 18:36:15:

Yeah, and a 40 yr amortization on their 2nd.

There are other lenders that have 40 & 45 yr amortizations as well.

Another lender even has a 2nd deed of trust as a 3/1 arm interest only. Can’t remember at the moment who it is.

Pretty amazing stuff. To some it might seem strange but take a look at other countries that have 100yr amortizations, I would imagine they look at our terms and think the same thing.

45 Year Amort?? - Posted by Patrick S. Lawson

Posted by Patrick S. Lawson on November 29, 2005 at 11:15:11:

Anyone else seeing the 45 Year Amort (due in 30) product being rolled out?

OWN IT is pushing it right now. I just wanted to know if any other lenders are pushing this product.