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Updated over 6 years ago on . Most recent reply

Al Hinkle's profile image
Al Hinkle's profile image
Al Hinkle
  • from San Jose, CA
  • Member since Aug 29, 2018
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Al Hinkle's profile image
Al Hinkle's profile image
Al Hinkle
  • from San Jose, CA
  • Member since Aug 29, 2018
Connect
Al Hinkle
  • San Jose, CA
0
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4
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Private Lending & Conventional Mortgage Advice

Meaning of terms like 40/3 regarding a private money loan

Al Hinkle
  • San Jose, CA
Posted

A private money broker company uses a syntax like 40/3 as part of describing an investment loan opportunity. What does that mean? Amortized over 40 yrs and balloon due in 3?

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