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Mortgage>
Programs |
| PROGRAM
HIGHLIGHT |
| OPTION
ARM |
| This
program is best for a borrower whose income fluctuates
each month so he or she has an option to choose from different
types of payment each month! But borrowers must be mature
in managing their cash flow each month. This program is
also good for people with high equity in their property
so they can make the minimum payment safely without worrying
about reaching the maximum allowable negative amount in
a short time. This program is not designed to make a minimum
payment for the entire loan term because there is maximum
deferred interest amount allowed and an investor will
recast or re-amortize the loan which new payment can increase
substantially depending on the market situation. |
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- Pick A Payment From
4 Options
- Minimum Payment
- Interest only Payment
- 30 or 40 Year Payment
- 15 Year Payment
- Interest starts as low
as 1%! 40 year term available
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| SHORT
TERM FIXED RATE ARM |
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- Fixed rate for initial 3, 5, 7, 10 year
- After initial fixed rate period, rate changes
to adjustable rate
- 30 year fully amortized payment
- Interest only payment
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| THE
FLEX PAY ARM |
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- Advantage:
- Fixed Rate protection for up to 7 years!
- Minimum payment can be fixed for a term of up
to 7 years.
- Minimum payment may result in negative amortization.
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| FLEXIBLE
80/20 PROGRAM |
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- Good for first-time home
buyers because of no mortgage insurance and possible
higher tax advantage.
- Purchase and Rate & Term Refinance.
- 0% down payment!.
- 1st Loan Program
- 2/6, 3/1, 5/1, 7/1, 10/1, 15 & 30 Year Fixed
Rate, 30 Year Fixed Interest Only, 40 Year Amortization
option available!
- 2nd Loan Program:
- Home Equity Line of Credit
– adjustable rate with interest only payment.
- Fixed Rate Loan –
fixed rate for 30, 25, 20. 15 year.
- Fully amortized payment
or interest only payment.
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| HOME
EQUITY LINE OF CREDIT/CLOSED END SECOND LOAN PROGRAM |
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- Purchase and Cash Out Refinance.
- Loan Amount upto $ 3 Million..
- No Limits for Combined Loan
Amounts
- Access upto 100% of Available
Equity
- Interest May be Tax Deductible
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| HOME
CONSTRUCTION LENDING |
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- Construction Terms upto 24
Months.
- Interest Only Lot Loans.
- Lot Loans upto $1 Million.
- construction To Permanent
Loans upto $3 Million.
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| NONPRIME
LOAN |
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- Credit Scores As Low as 500.
- 40 Year Amortization Due in
30 Fixed, Arms.
- Loan Amounts upto $1.25 Million.
- 80/20 Combos Available.
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