First Franklin's 50 Year Mortgage Program is No
Loger Available
This page originally highlighted First Franklin's
50 year fixed rate mortgage product. The program was
essentially a 30 year fixed rate mortgage with a 50
year loan amortization. They also offered this product
as a 2/28, 3/27 and 5/25 ARMs with a 50 year home
mortgage loan amortization. With these alternatives,
one's rate remained locked for 2 years, 3 years, or
5 years and then begin to adjust upward after the
corresponding period of time. The program was fairly
short lived and Merrill Lynch, who owned First Franklin,
eventually shut down this subsidiary due to the sub
prime lending environment.
Today, fixed rate mortgages remain the most popular
home financing products of choice. If you would like
to discuss any fixed rate loan solutions, give AAXA
Discount Mortgage a call today at 877-RATE-LOW or
use the rate quote form on this page to request current
mortgage rates.
40
Year Mortgages
30
Year Mortgages
20
Year Mortgages
15
Year Mortgages
10
Year Mortgages
