Ken Giebel Quotes (4 Quotes)

That protects buyers should they become unemployed. We'll make their house payments up to 2,500 up to six months or six individual periods during the first five years of the loan. It doesn't matter if it's on the 30-year conventional or if it's 100 percent loan-to-value or on the interest only PLUS product.

There's more 40-year loan business being written today than there was 12 months ago. We're investigating, at this point, adding it to our first mortgage portfolio.

The thing that's different about it and makes it unique -- there is nothing in the industry like it -- is the interest rate never changes. So you qualify on the interest and you know at payment 61 how much your payment is going to go up.

But as interest rates start to go up the lower payments can help some people qualify especially in a high-cost state like California.