ABC extends its ARMsmortgagepress.commonthly treasury average, adjustable-rate mortgage, Power ARMs
American Brokers Conduit has updated its monthly treasury
average (MTA) adjustable-rate mortgage product, which includes a
100 percent loan-to-value (LTV) option with lender-paid mortgage
The MTA ARM product offers loan amounts to $500,000 on primary
residences and second/vacation homes, LTVs of 100 percent with a
700 credit score, and 95 percent with a 680 credit score. In
addition, a three-year pre-payment penalty option has been added
along with several other enhancements.
Based on the 12-month MTA index, American Brokers Conduit's MTA
ARMs (or Power ARMs) were designed as an alternative to traditional
ARM programs, with one-, three-, six- and 12-month programs
For more information, visit www.abconduit.com.