US Borrowers View of Mortgage Product
abn amro offers a variety ♦ 1st liens on real property (e.g., collateral specific)
of product but does not participate in interest-only mortgages, reverse mortgages or balloon mortgages.
Typically no penalty for prepayment Variety of basic terms:
- Fixed rate mortgages: predominantly 15 year or 30 year
- Adjustable rate mortgages: ARM and ARM hybrids
- Other hybrid products:
- Interest only payments
- Reverse mortgages
- Balloon principal
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