1.25% Payment Option Loan (Stated Income)

This loan is the ultimate cash flow loan. Payments are as low as 1.25%. This loan has an adjustable rate mortgage with the first 12 months payments calculated at 1.25% (payment rate) with an APR of 7.843%. There are 4 payment options.

• 1.25% payment rate
• Interest only payment
• 30 year fully amortized payment
• 15 year fully amortized payment

You can actually make any payment you want over the minimum payment. The payment can adjust by a maximum of 7.5% of the current payment in any year. After 5 years the loan is recast (amortized) for the remaining 25 years of the loan. Of course, you could refinance at that time to bring the payments back down.

Minimum payment schedule for a $500,000.00

Positives

• Low payments
• Flexible payment options
• Stated income and Stated asset loans
• 40 year loans available with lower payments ($1385.86)

The initial rate and APR are variable rates, which may increase after closing. It is available on a 30 or 40 year first trust deed mortgage loan to purchase or refinance an owner occupied single family residence, PUD, condominium or townhome. The rate cap is 9.95%. 80% loan to appraised value may be required on purchases. Rate and terms are subject to change without notice. Fees and charges may apply. Loans available in California only.

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For more information, please e-mail or call 800-784-5363