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You are replying to this message: | | Posted by janCA on 3/16/18 12:01pm
I also had a 30 year adjustable rate loan a couple of days ago. Payoff to old lender was $51,000. New loan for $600,000; borrowers were taking out $550,000 of the equity. Rate starts to change in 4th year and every year thereafter not to exceed 10.6?? %. Holy Cow!. |
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