Industry News

Carrington Mortgage Services Introduces Interest-Only Product Enhancement

Phil Hall
Jul 15, 2019
Carrington Mortgage Services has announced LoanScorecard’s non-agency AUS, Portfolio Underwriter, as its non-QM pricing & scenario tool

Carrington Mortgage Services LLC has expanded its non-agency product line with the introduction of its Interest-Only Product Enhancement.
 
According to the Anaheim, Calif.-based company, the product offers a flexible payment option that allows borrowers to pay just the interest with their monthly payment. Carrington stated the product “can be a good fit for those who want the financial flexibility to allocate more money toward investments, retirement accounts, a child’s college fund and much more.” A 10-year interest-only term is now being offered on all non-agency Carrington Advantage adjustable rate programs for qualified borrowers.
 
“Carrington’s Interest-Only Product Enhancement is the latest entry to our product offerings for borrowers, brokers and correspondent sellers,” said Ray Brousseau, president of Carrington. “Interest-Only adds yet another level of flexibility to our industry-leading products.”
 
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Published
Jul 15, 2019
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