LOAN TYPE: PORTFOLIO
POSITION: 1ST
RATE TYPE: FIXED
PAYMENT TYPE: AMORTIZING
LOAN LIMITS: $484,350, $2 million
INDEX: NA
TERMS: 10, 15, 20, 25 & 30 Yrs
ADVANTAGES:
• Financing on properties that don’t qualify for Agency loans
DISADVANTAGES:
• Higher rates than Agency loan products