Thanks for your information

来源: xhjaer19721 于 2022-10-19 18:53:50 [] [旧帖] [给我悄悄话] 阅读数 : (696 bytes)

Thanks for your summary. Just did a little more research. It seems the benefits of those agency loans are:

1. lower interest rates compared to regular commercial loans----is that still possible to get one agency loan with rate lower than 4% now?

2. can do the loan 15 or 30-years fixed, instead of 5 or 7-years fixed for regular commercial loans. 

3. lower downpay requirement

4. non-recourse

Cons: 

1. loan cost is high (5-7%). more paper work. 

2. prepayment penalty is high---either could be yield maintenance (that penalty is a lot as JY mentioned) or step-down prepayment penalty (like 5-4-3-2-1).

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