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    • 1 YR LIBOR – Interest rate is Fixed for the first year and adjusts annually thereafter. For example, a 1 YR LIBOR with a 2.5% initial rate could only raise to a maximum lifetime interest rate of 7.5% while annual rate increases are limited by a 2% cap.

 

    • 1 MO LIBOR – Interest rate adjusts monthly for the life of the loan. For example, a 1 MO LIBOR with a 2.5% initial rate could raise to a maximum lifetime interest rate of 12.5% There are no annual adjustment caps.

 

    • FIXED – Interest rate is fixed for life of loan. Recommended product for paying off high mortgage balances & new home purchases. Minimum 60% utilization.

 

 

* Open-End – Any payments paid to principal are retained for future use

Licensing

NMLS # 93443
NY, Dept. of Financial Services #A005375
NJ, Dept. of Banking & Insurance #9926426
CT, Dept. of Banking #10652
PA, Banking Dept. #45595
FL, Office of Financial Regulation #MBR104

Loans arranged with 3rd party providers

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Senior Finance

224 West 35th Street
Suite 1401
New York, NY 10001
P: 888.588.0944
E. info@seniorfinance.com