An “option ARM” is a loan where the borrower has the option of making either a specified minimum payment, an interest-only payment, or a 15-year or 30-year fixed rate payment in a given month.
This type of loan is also known and advertised as the “pick a payment” or “pay-option” loan.
When a borrower makes a payment [...]

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A syndicated loan (syndicated bank facility) is a large loan in which a group of banks work together to provide funds for a borrower. There is usually one lead bank that takes a percentage of the loan and syndicates the rest to other banks. A syndicated loan is the opposite of a bilateral loan, which [...]

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An offset loan is a type of lending arrangement, usually for a mortgage, in which a borrower also maintains a savings account with the lender. Instead of receiving interest on the savings account, the interest payment due on the loan is calculated only on the net balance of the loan less the savings account. The [...]

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