Originally Posted by
carvalh2
No points or fees.
General Rates and Payments:
Product % of Home Value Borrowed Rate APR Bi-Weekly Payment Payment Period
Easy Orange
5-Year 80% or less 3.125% 3.186% $535.47 Year 1-5
Final Payment: $217,629.24 What does this mean?
Easy Orange
10-Year 80% or less 4.000% 4.072% $596.77 Year 1-10
Final Payment: $183,221.00 What does this mean?
Looks like a balloon mortgage to me. B@stard child of the ARM.