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A&D Mortgage recently launched a new Temporary Interest Repurchase Program, a new product designed to provide borrowers with more flexible home financing options.
A&D said the temporary interest buyback program is ideal for borrowers who have the opportunity to earn more income for a few years after taking out their mortgage, while still allowing borrowers to take advantage of the temporary subsidy. In a press release, A&D said it now offers:
- 3-2-1 redemption: 3% redemption in the first year, 2% in the second year, 1% in the third year, and then back to the original fixed rate in the fourth year.
- 2-1 redemption: 2% redemption in the first year, 1% redemption in the second year, then back to the original fixed rate in the third year. Offering these products allows brokers to help borrowers secure lower down payments, A&D said. Owner buyouts and other traditional and non-QM loan packages are available with third-party or vendor payment options.
Max Slyusarchuk, CEO and founder of A&D Mortgage, said they are excited to offer their customers these new installment repo products.
By offering a lower interest rate in the first years of the loan, companies can help save money and build assets faster.
The company is committed to helping its customers succeed, and this is just one more way the company is doing it.
United Wholesale Mortgage started the foreclosure trend last August, and other companies have followed suit, including Rocket Mortgage, Guaranteed Rate, Newrez, and Plaza Home Mortgage.
Reference Source: National Mortgage Professional
