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COSI loans

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ashley Guest 0.10 Dollars($)	Posted: Sat Aug 11, 2007 9:11 pm    Post subject: COSI loans Is there such a thing as a COSI loan that follows the usual course you have described here in your forum that explodes in year 5, demanding payment in full on the mortgage balance? Thank you. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
larry Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)	Posted: Sun Aug 12, 2007 9:30 pm    Post subject: Hi Ashley, The COSI loan is effective when you purchase any new property, refinance an existing loan or make any real estate investments. The COSI Loan is an adjustable rate loan that uses the Cost of Savings Index (COSI) as their base rate. The index has proven extremely stable over the last few years and thus has appealed many borrowers towards this type of loan. From paying interest rates of as low as 1.5% to making flexible payment , the COSI Loan offers a lot to homeowners. But before you apply for a COSI indexed mortgage, your lender should be able to provide you information about how the rate is calculated and a way to track changes in the interset rate.
Niicss Joined: 03 Oct 2005 Posts: 1287 Location: New Jersey 193.02 Dollars($)	Posted: Mon Aug 13, 2007 4:51 pm    Post subject: Hi Ashley, I think you have asked a similar question here also ( http://www.mortgagefit.com/know-how/cosiloan-balloonpayment.html ). Please go through this page to know more about the replies other community members have given. _________________ Good is the Enemy of Great.

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