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  • Answer Upon - California Refinancing Options

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    >Options now include a 10 year interest only option
  • Some lenders even offer an interest only options for all thirty years
  • 40 Year Loans

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    Summary of Basic Loans

    Here is a basic summary of some of the loans available to California borrowers:

    Payment Option Loans

    • Full documentation
    • Stated documentation
    • No ratios
    • Up to $3 million
    • Ignore consumer payment lates up to 90% loan to value ratio
    Interest Only Loans

    • These loans offer the borrower the chance to make a lower payment than a regular loan
    • Interest only options are available for different loan terms, including 5, 10 or even more years
    30 Year Fixed Loans

    • This is the standard mortgage loan
    • Options now include a 10 year interest only option
    • Some lenders even offer an interest only options for all thirty years
    40 Year Loans

    <
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  • Stated documentation
  • No ratios
  • Up to $3 million
  • Ignore consumer payment lates up to 90% loan to value ratio
  • Interest Only Loans

    • These loans offer the borrower the chance to make a lower payment than a regular loan
    • Interest only options are available for different loan terms, including 5, 10 or even more years
    30 Year Fixed Loans

    • This is the standard mortgage loan
    • Options now include a 10 year interest only option
    • Some lenders even offer an interest only options for all thirty years
    40 Year Loans

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    l> Interest Only Loans

    • These loans offer the borrower the chance to make a lower payment than a regular loan
    • Interest only options are available for different loan terms, including 5, 10 or even more years
    30 Year Fixed Loans

    • This is the standard mortgage loan
    • Options now include a 10 year interest only option
    • Some lenders even offer an interest only options for all thirty years
    40 Year Loans

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    available for different loan terms, including 5, 10 or even more years 30 Year Fixed Loans

    • This is the standard mortgage loan
    • Options now include a 10 year interest only option
    • Some lenders even offer an interest only options for all thirty years
    40 Year Loans

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    >Options now include a 10 year interest only option
  • Some lenders even offer an interest only options for all thirty years
  • 40 Year Loans

    • This is a newer loan term that allows borrowers to have a lower monthly payment
    50 Year Loans

    • This is a newer loan term that allows borrowers to have a lower monthly payment
    • They are often only fixed for 30 years
    • Some loans have a balloon payment after the 30th year
    90 Days No Payment Loans

    • These loans allow people to not pay their mortgage for 90 days
    • This is a variant on the minimum payment option loan
    • They often feature minimum payment loan options
    No documentation loans

    • Mortgage lates OK
    • Verbal ver

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