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COFI loans, not to be confused with COSI
loans, are loans tied to the Cost of Funds Index (COFI).
The Cost of Funds Index is measured to interest paid on
savings assets so it rises or falls slower than the normal
adjustable rate mortgage (ARM), which is a great thing if the
interest rate is rising. When interest rates are falling,
consider another one of our loan products.
COFI loans typically offer rates far below competing loans,
and offer borrowers flexibility when it comes to how much to
pay each month—and when to pay it. Like other option arm
loans, these payment options allow borrowers to steadily pay
down their principle over the life of the loan, decreasing
their payments and interest as they pay back the loan. Every
time you make a payment on a COFI loan, you save money!
Apply
Now to try the COFI loan today!
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