Zero Down
Fixed Rate
Fixed Rate ARMs
Interest Only
Stated Income
Ideal for people
who either don't have a lot of ready cash for a down payment
or are saving their funds for other uses
Combines a home loan and a home
equity loan or line of credit into one low monthly payment.
Increases savings by avoiding PMI (mortgage insurance). Increases
the amount of your mortgage tax deduction
This loan is for
people planning to stay in a home for more than five years
Stability and peace of mind
with fixed principal and interest payments for the life of you
loan. Protect yourself from rising rate increases
A "fixed period"
ARM offers the lowest rates. A great choice if you're planning
to move or refinance within the initial fixed loan period
Adjustable Rate Mortgages (ARMs)
offer the stability of rates fixed for 1,3,5,7 or 10 years.
A great way to buy more home or minimize monthly payments
Looking for low monthly
payments? Pay only the interest - not the principal - for the
first 10 years of the loan
Frees up cash for investments, tuition,
home improvements, etc. or Use the lower payments to qualify
for up to 25% more home Ideal if you're planning to move or
refinance before the 10 year interest-only period expires
This loan is perfect
if you're self-employed or have large portions of your income
that you can't document
No documentation means less paperwork.
Requires only verification of employment - not income
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