Steamboat Springs CondoTel Interest Rates are Super Low
Ed Albright at Columbine Mortgage passes along this information about financing Condotels in Steamboat Springs (read here what a Condotel is):
Loans up to $417,000 at 90% LTV 5/1 ARM Interest Only at 6.0% with 1% Origination Fee
Full Documentation only. Payment of $500 / month per $100,000 loan.
Loans over $417,000 at 85% LTV 5/1 ARM Interest Only at 6.75% with 1% Origination Fee
Full Documentation only. Payment of $563 / month per $100,000 loan.
We can also do Investment Properties for CondoTel up to 75% LTV.
Large HELOCs (Home Equity Line of Credit) at Prime - .5% (currently 4.75%) up to $1 Million
Quick rates guideline:
Thursday rates, 4/4 Rates are subject to change without notice.
|
|
5 yr ARM Interest Only |
7 yr ARM Interest Only |
10 yr ARM Interest Only |
30 yr Fixed Rate |
|
Payment for each $100,000 owed |
$438/month Interest only |
$448/month Interest only |
$490/month Interest only |
$576/month |
Posted: April 4th, 2008 under Financing.
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