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What is a split loan option?
A split loan option permits our customers to split a farm loan into two or three parts.
The split loan option allows customers a combination of lower interest expense, like shorter term
rates provide, yet security of long term rates. For example, a customer might elect to place
half of their farm mortgage on a variable rate loan product and the other half on a
longer-term fixed rate option. Using this approach a customer benefits from a lower
weighted average interest rate on the total mortgage, but also provides security against
rising rates, which creates an interest rate hedge. Call your local Farm Plus Financial
representative to discuss your farm loan options.
Call your local Farm Plus Financial representative at 866.929.5585 to discuss your options or
visit us online at http://www.farmloans.com.