COFI (Cost of Funds Index)

COFI is an index, Cost of Funds Index. Many mortgage lenders use this source of funds to base margins from for lending with adjustable rate mortgages. Historically it has been a favorable index and is one of the most popular among lenders and borrowers alike for adjustable loans. As with any variable rate loan, the index is a key factor as is the margin, since the margin is what the interest rate will be calculated for the first adjustment period.

3 Payment Choices

With a neg am mortgage you get to choose each month from 3 different payment options. You can choose the conservative fiixed rate principal and interest payment, the interest only payment or the lowest neg am payment. You can mix it up and choose different payment each month.

Neg Am Mortgage Rates COFI:

• 1.25% Start Rate with a 30 or 40 Year Amortization
• Deferred Interest loan amounts up to $1,800,000

Apply Now for a Neg AM Mortgage Loan

We have a number of loan options and can help you find the right lending package for your individual needs, depending on your current and future financial situation. These historically low mortgage rates are not guaranteed to go back loan, so you can't afford to miss all of the monthly savings! A mortgage program from Mortgage Loan Outlet could be the perfect solution to your financial needs!