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Jumbo Hybrid Interest Only

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01-11-2007, 02:11 PM

Veronica Corningstone Veronica Corningstone is offline

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Jumbo Hybrid Interest Only

Luxmac has launched a new option Arm loan with an interest only option on jumbo loans. The term of the loan can go up to 40 years, a Luxmac secondary marketing executive told Mortgagedaily.com. Yield spreads on some of its jumbo programs reportedly go as high as 1.25 percent.

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