Wednesday, January 2, 2008

Hybrid Loans

A Hybrid Loan provides you a fixed rate term, usually three, five, seven or ten years, with adjustable rates subsequently. The advantage of a Hybrid Loan is that it gives you a lower fixed rate mortgage than you’ll usually receive with a 30 year mortgage. The advantage of a hybrid loan is that it gives you a lower fixed rate mortgage than you’ll usually receive with a 30 year mortgage.