Loan Refinancing Amarillo TX

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Loan Refinancing Amarillo TX
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The process of paying off one loan with the
proceeds from a new loan, using the same property
as security. Cash received by the borrower at
closing may not exceed 2,000 (not allowed in
Texas). Status varies depending upon State Law.
The purpose is, as the name implies, to reduce
the interest rate, payment, and/or overall term
of the mortgage.
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An adjustable rate mortgage (ARM) is a mortgage
loan where the interest rate on the note is
periodically adjusted based on a variety of
indexes. Among the most common indexes are the
rates on 1-year constant-maturity Treasury (CMT)
securities, and the London Interbank Offered Rate
(LIBOR).
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Our Contacts Cell 806-670-1077Direct
806-356-9559Main [phone]Fax
806-356-9760Email Gary.Meador_at_supremelending.com
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melending.com/
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