|
1 Year, 3 Year and 5 Year ARM's
3/1, 5/1, 7/1 and 10/1 ARM's
- Fixed Interest Rate for first 3, 5, 7 or 10 Years. Rates are adjusted annually thereafter to a 1-year Libor plus a rate spread.
- OPEN PREPAYMENT ON ANY PAYMENT DATE.
- 15 Year Mortgage - 15 or 25 Year Amortization.
- Payments - Semi-Annual (January 1 and July 1)or Monthly Payments.
1 Year, 3 Year, 5 Year and 7 Year ARM's
- Rates are adjusted every 1, 3, 5 or 7 years.
- OPEN PREPAYMENT ON ANY PAYMENT DATE.
- 10, 15 or 20 Year Mortgage - 10, 15, 20 or 25 Year Amortization.
- Payments - Annual, Semi-annual (January 1 and July 1 or April 1 and October 1) or Monthly Payments.
- CONVERSION OPTION - Borrower may elect to convert to another convertable loan product on any payment date. Multiple conversions permitted.
10 Year, 15 Year and 20 Year Fixed
- Fixed Interest Rate for 10, 15 or 20 Years.
- 10, 15 or 20 Year Mortgage - 10, 15, 20 or 25 Year Amortization.
- Payments - Annual, Semi-annual (January 1 and July 1 or April 1 and October 1) or Monthly Payments.
- Prepayment - OPEN PREPAYMENT ON ANY PAYMENT DATE.
- CONVERSION OPTION - Borrower may elect to convert to another convertable loan product on any payment date. Multiple conversions permitted.
|
