Buying a foreclosure property below market value - Five tips from the pros

Buying a foreclosure property below market value - Five tips from the pros

July 5, 2005

InterBay introduces new commercial loan featuresMortgagePress.comInterBay Funding LLC, Commercial loans
In a continuing effort to provide mortgage brokers with expanded
small commercial loan options, InterBay Funding LLC has
announced several new changes to its existing commercial loan
programs.
A new 30-year amortization program has been launched, providing
qualified borrowers with the benefits of more affordable monthly
payments. Additionally, certain loan-to-value limits have been
raised, thus enabling borrowers to qualify for higher loan amounts.
InterBay is also introducing new options to reduce rates through
the extension of pre-payment fee periods.
"We continually strive to enhance our programs, enabling our
brokers to meet the needs of their small commercial lending
clients," said Karl Moisan, InterBay senior vice president and
national sales manager.
For more information, visit www.interbay.com.

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