Page 23 - refi book proof 2
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Don’t believe me…
Go find one and call one for yourself…
Headline) And the winner is…
Alternative vs Traditional
For the 70% LTV cash out the alternative source Monthly payment is a $37
cheaper than the traditional source…
And you don’t have to worry about a balloon being due after year 7…
On the other hand at 80% LTV which we offer you put an extra 50,000 check
to yourself in your pocket...
And you can use those funds without restrictions, or annual reporting
requirements...
As you can see the 30 yr fixed by the alternative lender vs the traditional
lender has a distinct advantage…
The overall loan term from the alternative lender is better despite the rate
being higher…
The traditional loan terms are not bad terms but the overall loan term is
shorter and its a balloon which makes it less than ideal for someone looking
for stability…
And I know what your thinking you would just refinance before the terms ends
with an extension…
Well that may be the case…
