While many lenders already use the fully-indexed rate to approve borrowers, it’s not a standard used throughout the industry. Some lenders are approving borrowers with a rate that may be slightly higher than the starter rate but less than the fully-indexed rate, says Mark Goldman, senior loan officer with C2 Financial Corp, a San Diego-based mortgage brokerage firm.
MarketWatch: SDSU Students Awarded 1st Place in NAIOP Real Estate Challenge
Mark Goldman leads his students at SDSU to 1st place in NAIOP Real Estate challenge