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COSI loans are typically adjustable-rate
mortgages priced at a spread to the cost of savings index
(COSI). COSI measures the average interest rate paid to
depositors on checking, savings and CDs. Due to their lower
interest rates, COSI mortgages often free up enough money in
your monthly budget to make additional principal payments.
Similar to the COSI is the Cost of Deposit Index (CODI),
where the index is based in the 12 most recent monthly yields
on 3-month CD’s. Both a COSI and a CODI mortgage loan can be
a great way to potentially reduce your total interest expense.
Like all ARM loans, COSI and CODI loans offer low mortgage
rates, flexible payments and the possibility of reducing your
principle and payments as you pay back the loan.
Apply
Now to try the COSI loan today!
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