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Irvine, Calif.-based Argent Mortgage Company LLC has announced the availability of a fully amortized 40/30 loan program that performs like a 40-year loan for the first 10 years of the loan term. With the Argent fully amortized 40/30 loan product, the borrower can enjoy a lower payment extended for a longer period of time, avoid a balloon payment and reduce principle throughout the entire loan term, which may help them build equity.
"Argent's goal is to provide mortgage professionals the tools and products they need to help consumers achieve affordable and sustainable homeownership," said Argent President Sam Marzouk. "As one of the first loans of this kind from a major lender, our fully amortized 40/30 product gives mortgage professionals who work with Argent an attractive solution for many borrowers who want to reduce their payments without sacrificing their equity-building potential."
For more information, visit www.argentmortgage.com.
