Argent Mortgage Uses Danica Patrick to Introduce New Alt-A Product
In an interesting move, Argent Mortgage is introducing a new product using Danika Patrick, the Indy Car Racer they sponsor. The Alt-A Advantage is aimed at non prime borrowers who are looking to find alternatives to the present offerings on the mortgage market.
Danika Patrick has been in the news as she is negotiating with both Indy Car and Nascar on where she will drive next year. Another risky investment for Argent Mortgage.
Major characteristics of Argent’s Alt-A Advantage and Alt-A 80/20 Advantage products include:
– Loan amounts up to a maximum of $2 million
– Fully amortized fixed mortgages with 15- or 30-year payment terms, I/O options for 5-year and 10-year terms, and ARMs at 3-year, 5-year and 7-year terms
– Owner-occupied, second home or investment properties
– Minimum FICO score of 680
– Considers only two-year bankruptcy and three-year foreclosure historyThe Alt-A Advantage and Alt-A 80/20 Advantage products also present advantages to investors, who will be able to choose from a more diverse portfolio at Argent Mortgage. via PRWeb.
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
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I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
