Funding America expands product offeringsMortgagePress.com45/30,50/30,mortgage loans
Funding America LLC has announced its "45 due in 30" and "50 due
in 30" loan products are now available with adjustable-rate
The "45 due in 30" and "50 due in 30" loans amortize payments
over a longer period than the term of the loan and conclude with a
single balloon payment over 30 years. They were made available by
Funding America with fixed-rate loans in August 2006.
Houston-based Funding America LLC is a wholesale provider of
sub-prime and alternative loan products for residential mortgage
brokers. For more information, call (866) 782-0100 or visit www.famtg.com.