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Apartment Financing - Conventional

Conventional loan options on apartment financing is currently much more scattered than in the past. Previously rates, programs and loan to value, etc where very similar between competing lenders and banks. Now however, with the issues on credit markets we are seeing wide differences in offered loans.

For example, when we would shopped loans for our clients just a year ago, the difference in interest rates, from one source to the next would be maybe only 5% or so. One bank may have quoted an effective rate of 5.95%, the next 6.1%. Now it is not uncommon to see one source quote rates 100 basis points over the next, with wide differences in term, fixed period and even amortization schedule. Baca Lanjutanya..

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