Mortgage Blog

Some Rental ARM rates

August 10th, 2017 12:52 PM by Eric Fang

One lender has special promotion for ARM rates, especially for those low LTV ARM loans.

For Purchase, 450k loan with 7/1ARM rate can be as low as 3.375% for no closing cost; or 3.25% with some closing cost(Assume LTV <=65%). For refinance, you can has the rate of 3.625% with no closing cost as well.

For 424k loan, if LTV <=60%, rental 7/1 ARM  can be as low as 3.5%; for Refinance, We can still have the rate of 3.75%. Not bad rates, right?

Please email me for your loan scenarios, if you plan to refinance your ARM loan.

Posted in:General
Posted by Eric Fang on August 10th, 2017 12:52 PM



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