INCOME PROPERTY LOANS.
INCOME PROPERTY LOANS
RATES AS OF AUGUST 22, 2001
TYPE RATE LTV POINTS MARGIN ADJUST
Action Lending Res 7.375% 90 1.250 NA F
CalFed Lending MDU 7.000% 75 1.523 NA F
Chase Manhattan MDU 7.500% 70 1.875 NA F
Downey Savings Res 6.875% 75 1.750 NA F
First Federal Bank MDU 7.098% 75 2.200 2.600 1M
Hawthorne Savings, FSB MDU 8.000% 75 1.000 2.500 6M
PFF Bank & Trust Res 7.500% 70 2.000 NA F
Provident Bank Mtg. Res 6.875% 75 2.000 NA F
Union Bank MDU 7.125% 65 2.000 NA F
United California Bank Res 7.500% 70 1.625 NA F
World Savings Bank Res 7.050% 70 2.500 NA F
NOTES
Action Lending N/O/O SFR
CalFed Lending N/O/O 1-4 UNITS
Chase Manhattan N/O/O 1-4 UNITS
Downey Savings SFR N/O/O
First Federal Bank 5+UNITS
Hawthorne Savings, FSB 37 + UNITS
PFF Bank & Trust N/O/O SFR
Provident Bank Mtg. N/O/O SFR
Union Bank N/O/O 1-4 UNTIS
United California Bank SFR N/O/O
World Savings Bank N/O/O SFR
The above rates reflect lender requirements such as soundness of investment, underwriter guidelines and other considerations. In general, rates are for "A quality" - building, location, and credit. Verify rate and terms prior to applying for a loan. This information is presented for comparison only and should not be construed as an endorsement of any ot the above organizations or products. GUIDE TO ABBREVIATIONS Type Com = Commercial; MDU (1) (Multiple Dwelling Unit) A commercial or residential building with multiple offices or apartments. See BLEC. (2) (Multiply-Divide Unit) A high-speed circuit that performs multiplication and division within the CPU. = Multi. Dwelling Units; Ind = Industrial; Res = Residential; Const = Construction. Rate (Interest rate) Start rate for adjustable mortgages or note rate for fixed rate loans. A.P.R.s will be higher. LTV LTV See: Loan-to-value ratio Loan to value ratio (in %) 100 minus LTV equals % down payment needed. Points Percent of loan balance paid to lender at time of loan closing. Margin (in %) is lenders profit; margin plus index equals actual rate after first adjustment. Adjust Adjustment frequency: #M = number of months; #Y = number of years; F = Fixed rate loan with no adjustment. (Note that all 1-month adjustable loans have possible negative amortization) Comments SFR SFR Swiss Franc (national currency) SFR Société Française du Radiotéléphone (French cellular provider) SFR Single Family Residence SFR Single Family Residence (real estate) = Single family residence; N/O/O = Non-owner occupied; APTS APTS Alexandra Palace Television Society (UK) APTS Advanced Public Transportation System APTS Austin Presbyterian Theological Seminary (Texas) APTS Association of America's Public Television Stations = Apartments; PUR = Purchase; PUD PUD abbr. peptic ulcer disease Peptic ulcer disease (PUD) A stomach disorder marked by corrosion of the stomach lining due to the acid in the digestive juices. = Planned unit development A Planned Unit Development, or PUD, is both a type of building development as well as a regulatory process. A PUD is a designed grouping of varied and compatible land uses, such as housing, recreation, commercial centers, and industrial parks, all within one contained ; PRI PRI: see Institutional Revolutionary party. (Primary Rate Interface) An ISDN service that provides 23 64 Kbps B (Bearer) channels and one 64 Kbps D (Data) channel (23B+D), which is equivalent to the 24 channels of a T1 line. = Prime rate; CONV CONV Conversation CONV Conversion CONV Convention CONV Converter CONV Convertible conv Conveyor CONV Convocation CONV Convalescent TO PERM = Converted to permanent rate. |
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