DeepGreen Financial, an online home equity lender, recently launched a 30-year second mortgage. This new loan allows borrowers to lock in fixed-rates during a rising rate environment and make low monthly payments because of the 30-year amortization schedule. Banknet360.com reports:
Rates for the loans start at 7.375%, with a maximum loan limit of $250,000. The loans also have no lender fees, annual fees, or closing costs.
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Posted by: Mortgage broker | June 21, 2006 at 02:36 AM