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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Leland Charon who wrote (1309)	1/6/2002 7:45:55 PM
From: MSI	Respond to of 306849

Washington Mutual has an interesting loan that provides a choice each month of (a)30yr ARM at 6.5%, (b)15yr ARM at 5.9%, (c)interest-only at 5.75% and (d)negative amortization at something less than that. I got one of these, not because I wanted it, but because I wanted to go low-doc. Due to close this week. The only downside was the loan person was inexperienced and cost me 6 weeks' delay, and a point in interest rate. I complained to the district manager and they waived the appraisal fee.