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Private Lending & Conventional Mortgage Advice

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Cody Campbell
  • Investor
  • Livingston, TN
111
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155
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What do these terms mean? Help Please?

Cody Campbell
  • Investor
  • Livingston, TN
Posted Oct 18 2016, 06:51

20 year amortization

85% loan to value

floating rate daily is NYP + 0.25% = 3.75%

3 year mini perm 4.24%

5 year mini perm 5.20%

I am familiar with the 20 year term and loan to value. What would the rate be? I have not heard these terms before.

Thanks

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