Dpsvend, What is the fixed period that they are offering you,5,7,10,15? are they 30 year loans or perhaps 40 or more?

HLS & dpsvend are these loans teaser rate loans or other form of hybrid?I think the borrower has to qualify for full PITI at highest fully indexed rate?

I am trying to figure out why a lender would prefer them over a fixed as dpsvend points out. I believe him , unless some sort of mistake is pointed out.Also the coincindence with what he is saying and the fact that you,HLS, came in here almost exclusively touting interest only loans can not go without notice.