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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Add a 4 point differential.. Posted by Ward-CA- on May 11, 2003 at 10:36 PM In Reply to: Interest rates on Jr TDs posted by Greg Del Veechio on May 11, 2003 at 9:47 PM : In using the 60 years of interest rates provided at this site it occurred to me that Junior TDs, generally, have higher interest rates than 1st TD and that shorter terms effect those rates, as well. Do you use a different rate (based on your chart) to assign an interest rate to Jr. loans when figuring the projected equity where a 2nd or 3rd with a much shorter term is indicated? ===================== Greg, We add 4.0 points to the interest rate on the chart if the loan is a junior lien. Since there's no practical way of knowing how long any junior loan has been set up for, we just assume it's on an interest only payment basis. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : In using the 60 years of interest rates provided at this site it occurred to me that Junior TDs, generally, have higher interest rates than 1st TD and that shorter terms effect those rates, as well. Do you use a different rate (based on your chart) to assign an interest rate to Jr. loans when figuring the projected equity where a 2nd or 3rd with a much shorter term is indicated? : ===================== : Greg, : We add 4.0 points to the interest rate on the chart if the loan is a junior lien. Since there's no practical way of knowing how long any junior loan has been set up for, we just assume it's on an interest only payment basis. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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