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Please add 7 and 4 and type the answer here:
Mortgage Rates
30 Yr FRM 4.83% -0.08%
15 Yr FRM 4.32% -0.04%
1 Yr ARM 4.35% -0.11%
5/1 Yr ARM 4.25% -0.04%
30 YR Tres 4.25% -0.03%
Fed Prime 3.25% 0.00%
 
  • In all honesty you may need to clarify your question to get the answer you are looking for. Regardless I will attempt an answer. A CV Loan, as the term is used refers to a Commercial Vehicle Loan and applies to the financing of commercial vehicles (think 18-wheeler, or grating equipment) recently news on this market is gloomy. ICICI Bank is one player in this market.


    Answer Submitted on Wed, Nov 12 2008

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    Answer Contributed by: Peter Gladkin
    Peter Gladkin
    CA Broker 01792241
    760-730-5040
    References Available...Referrals Accepted
    www.akfin.com
  • A CV loan, in my limited experience, is what is considered in the mortgage world as a conventional loan. Specifically, I have found that the abbreviation stands for Collateral Valuation. This means the bank places a value on the collateral used to secure the loan and the approved amount is based on that. A conventional CV loan is usually in the neighborhood of a 80/20, where the lender will loan 80 percent of an appraised value of a property. FHA and VA loans have some aspects of CV involved; the difference is they are guaranteed by government agencies, whereas with a CV, the bank writing the loan is the one on the hook in the event of default.  I hope this helps a little. If I'm wrong, someone please correct me. Source found here: www.farmermac.com/lenders/Collateral/cv/CVGuide/Open_CVGuide.aspx?<wbr />ID=4 -



    Answer Submitted on Thu, May 14 2009

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    Answer Contributed by: Brandon Baker
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