January 2007 Archives :: January 12, 2007
http://www.marketwatch.com/news/story/nyse-wants-bring-more-real-time/story.aspx ... The New York Board of Trade is launching two new currency futures ... CBOT Electronically Executed Sled Price Overrides and CBOT Two Sided FLEX Testing ...
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This is the traditional method of construction financing that many lenders still offer today. A double-close CTP loan provides two separate loans: an interim interest-only. construction phase loan to build the home and then a new permanent, fully amortized mortgage when the home is completed. There are two applications - two sets of fees - two closings - two loans. There are few advantages to this loan type simply because it is more expensive than a single-close CTP loan.
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