| | LIBOR Loans - LIBOR Rates and Refinance Loan (Site not responding. Last check: 2007-10-19) |
 | | LIBOR loans typically have no prepayment penalty, and sometimes you may even qualify for the interest only option, which allows you to create a mortgage with a low rate and a low payment. |
 | | The 3 Year LIBOR Loans are popular because they allows you to fix the rate for the first three years of the mortgage, and the interest only feature means that your overall monthly payment can drop to 50% of your current mortgage payment if you are on a 30 year fixed mortgage payment. |
 | | LIBOR Rates on these programs are in the 2% to 3% range, and because of the interest only feature, a monthly payment that is incredibly low. |
| www.loansrc.com /refinance-mortgage/WebObjects/refinance.woa/wa/Libor_refinance/refinance-refinance_libor (476 words) |