95% Cashout Refinances Available at A-Paper Rates

We've written about our recent cashout closings (3.25% with 3.42% APR)- but with this one, consumers don't need the equity. Rates are obviously higher - it's a first lien at 74.99% LTV (loan to value) and a second lien that takes the consumer to 95%. The second lien is a 20 year amortizing loan with rates around 6% (APR of 6.5%). As you can see, if you want to pay off credit card debt, high interest rate HELOC (floating line), or college debt it' a way to get a Fannie Mae first rate with a fixed second.

In certain cases it makes sense to take a look at these programs. We also have construction mortgages and many others. We don't do high-cost lending so you won't see subprime offered by ADRMortgage.com. Lender NMLS 88010. Equal Opportunity Lender. Zero BBB complaints in 15 years of operation. 919 771 3379. Andy May. www.adrmortgage.com.