# 7-year interest-only option FRL base rate of 7.625% for June fundings
* No and low closing cost options available
# Borrower may lock at closing or anytime during the draw period
# Unlimited number of Fixed Rate Lock (FRL) advances
# Unlock an FRL anytime without charge or relock at a lower rate for only $50
# Additional amortizing FRL terms available: 5-,10-,15-, or 20-year
# Minimal documentation requirements for income verified transactions:
Read...Related Headlines
- High-end ARM reset (mild) hilarityposted 247 weeks ago on Blown Mortgage
- 5 Things to Do Right Now if Your ARM is Going to Reset Soonposted 242 weeks ago on Blown Mortgage
- Mortgage Refinance Applications Down 30%; Interest Rates Up.posted 221 weeks ago on Blown Mortgage
- Should You Eat Your Prepay?posted 232 weeks ago on Blown Mortgage
- Refi Activity Jumps on Fed Moveposted 217 weeks ago on Blown Mortgage
- IndyMac wades back in to the jumbo marketposted 248 weeks ago on Blown Mortgage
- Reverse Mortgage Line of Credit that Growsposted 151 weeks ago on Reverse Mortgage Loan Blog
- Countrywide to Expand Subprime Loan Workoutsposted 223 weeks ago on Blown Mortgage
- Better Homes & Gardens Offers Refinance Tips from Yours Trulyposted 238 weeks ago on Blown Mortgage