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


To: Wyätt Gwyön who wrote (94532)11/12/2007 1:56:54 PM
From: ChanceIsRespond to of 306849
 
>>>wasn't Schwab in the mortgage business?<<<

Still is. I chatted them up about that maybe six months ago. I can't say if they got into subprime. i doubt it. Somehow I think that they are smarter than the pencil necks at H&R Block.



To: Wyätt Gwyön who wrote (94532)11/12/2007 2:09:07 PM
From: ChanceIsRead Replies (1) | Respond to of 306849
 
Schwab mortgage - sorry if it doesn't look pretty - and yes they offer ARMs:

Rates as of 11/12/2007 Client Rate1 (%) Points APR2 (%) Monthly Payment2
Adjustable Rate with Initial Fixed Rate3
5/1 ARM 5.4
0.0 6.286
$1,403.83
5/1 ARM
10yr Interest Only 5.4 0.0 6.316
$1,125
7/1 ARM 5.557 0.0 6.209
$1,428.43
7/1 ARM
10yr Interest Only 5.557 0.0 6.238
$1,157.71
10/1 ARM 6.228 0.0 6.477
$1,535.72
10/1 ARM
Interest Only 6.313 0.0 6.533
$1,315.21
3/1 ARM 5.519 0.0 6.5
$1,422.45
3/1 ARM
10yr Interest Only 5.519 0.0 6.522
$1,149.79
Fixed Rate
30yr Fixed 6.192 0.0 6.265
$1,529.87
25yr Fixed 6.192 0.0 6.273
$1,640.22
20yr Fixed 6.165 0.0 6.26
$1,814.96
15yr Fixed 5.884 0.0 6.001
$2,094.01
10yr Fixed 5.892 0.0 6.06
$2,761.97
40yr Fixed 6.677 0.0 6.743
$1,495.28