 |
|
|
 |
1 Month LIBOR ARM |
|
|
|
|
|
Lowest rates from over 50 lenders displayed:
|
| Loan Name |
Rate |
Pts |
APR* |
As of |
| LIBOR Year 5/1 |
4.62% |
2.0 |
4.87% |
2007-09-19 |
| LIBOR Year 3/1 |
4.12% |
2.0 |
4.38% |
2007-09-19 |
| Stated LIBOR Year 3/1 |
5.25% |
3.0 |
5.5% |
2007-09-19 |
| Stated LIBOR Year 5/1 |
5.5% |
2.0 |
5376.0% |
2007-09-19 |
| Jumbo LIBOR Year 5/1 |
6.625% |
2.0 |
6.88% |
2007-09-19 |
The interest rate on this 1 month loan is the sum of the LIBOR index plus a margin rounded to the nearest one-eighth of one percentage point, (0.125%). The margin will not change throughout the term of the loan. The index value will be adjusted every month, which will cause the interest rate to be adjusted every month. This program is set up for 25 Years and allows you to pay Interest Only payments for the first 10 Years. The margin runs from 1.125% to 2.25%. The rate cap for this program is the Start rate +5% or 12% whichever is greater. This loan does not have a pre-payment penalty and requires a minimum of 5% down.
A Libor Mortgage Loan is also commonly referred to as an "Interest Only" Loan or "Interest Only" Mortgage Most libor loans have "Interest Only" payment features to them and are tied to the current rate of the popular Libor Index. Complete the form on your right and one of our loan specialists can help you understand all your libor mortgage options (including those with "interest only" payments).
* |
 |
|
|
|
|
LIBOR
