To get full details about the LIBOR loans you can put LIBOR loans in the search like google or your favorite search engine and you will find a ton of information on these interest only loans. All the facts and figures you are looking for and much more.
LIBOR is an acronym for London Interbank Offering Rate. It is an index that many ARM programs are now based off of instead of the CMT (Constant Maturity Treasury).
It has to do with the ARM margin. That is what they add to prime to get your rate.
The margin on a treasury ARM is 2.750 or 2.875 for a jumbo whereas on a LIBOR it's 2.250 or 2.375. It's also supposed to be more stable than treasury.
There are many LIBOR based ARM loans that will go up to 95% LTV for non owner occupied. Just talk to a good broker.
50 bps on margin is a good enough reason to ask for a LIBOR based ARM (if the caps are good) instead of a treasury based one.
To get full details about the LIBOR loans you can put LIBOR loans in the search like google or your favorite search engine and you will find a ton of information on these interest only loans. All the facts and figures you are looking for and much more.
Libor loans are not very attractive to investors since they will loan up to 70% LTV for non-owner occupied.
hope this helps!
LIBOR is an acronym for London Interbank Offering Rate. It is an index that many ARM programs are now based off of instead of the CMT (Constant Maturity Treasury).
It has to do with the ARM margin. That is what they add to prime to get your rate.
The margin on a treasury ARM is 2.750 or 2.875 for a jumbo whereas on a LIBOR it's 2.250 or 2.375. It's also supposed to be more stable than treasury.
There are many LIBOR based ARM loans that will go up to 95% LTV for non owner occupied. Just talk to a good broker.
50 bps on margin is a good enough reason to ask for a LIBOR based ARM (if the caps are good) instead of a treasury based one.
Hope that helps!
Quote:
On 2004-03-16 21:12, al883 wrote:
Libor loans are not very attractive to investors since they will loan up to 70% LTV for non-owner occupied.
hope this helps!
You can get a libor indexed loan for up to 95% LTV. Non-owner occupied.
Lori
[addsig]
Where can I find the LIBOR loans for 95% LTV?
Everybroker ought to have libor based ARM's.
You might also want to look at COFI, CODI, MTA's and COSI arms as well.