Delivers To You…

• The Lowest Monthly Payments
  
• Loan Approval for a Larger Home Purchase
  
• Greater Monthly Cash-Flow Flexibility

Available with:

§ 30-Year Fixed Rates or 3/1, 5/1 and 7/1 Adjustable Rates

§ 0% Down Payment Option

§ Reduced Income Documentation Programs

§ Condos & Investment Properties

§ Jumbo Loans

An Easy, Interest-Only Payment Option

You will be amazed by the financial flexibility that our Interest-Only Mortgage provides. This innovative program allows you to pay only the interest portion of your monthly mortgage payment for 10 years on a 30-Year Fixed Rate loan and a 3/1 ARM. Our 5/1 ARM features a choice of either a 5 or 10 year interest-only period and our 7/1 ARM offers a 7 year or a 10 year interest-only period, depending on the program. Once the interest-only period ends, the unpaid principal balance will amortize for the remaining term. If you prefer to build more equity each month, you can simply make a principal payment, of any size, in addition to interest. As a result, future interest only payments will be based on the reduced principal amount remaining.

Minimize the Payment, Maximize the Home

With an interest-only payment option, you can qualify for a larger home while enjoying all the benefits of a dramatically reduced mortgage payment during the interest-only period. Now you can buy that first home or trade up to your dream home, without increasing the amount of money allocated toward a monthly mortgage payment.

Cash-Flow Flexibility

The Interest-Only Mortgage is the ultimate cash-management tool. Instead of making a mortgage principal payment, you can choose to keep the extra cash that would otherwise go toward principal and invest it in higher yielding alternatives or use it to meet any other financial needs. Or, if you expect to receive a future lump sum and want the choice to pay down principal, you will see an immediate decrease in your monthly mortgage payment. No other type of mortgage can offer this kind of flexibility! Plus, you may qualify for a larger home while enjoying all of the benefits of a dramatically reduced mortgage payment during the interest-only period.

5/1 ARM Interest-Only Example:

30 year term (360 payments), no points, 80% financing, $300,000 loan amount, monthly interest-only payments of $1,094 for 10 years. Assumes APR of 4.375% for life of loan. After the initial interest-only period, the monthly payment will consist of a principal and interest payment of $1,878 for 20 years assuming no principal reduction during the first 10 years. Initial interest rate may increase after the five years and annually thereafter for the balance of the loan term.

7/1 ARM Interest-Only Example:

30 year term (360 payments), no points, 80% financing, $300,000 loan amount, monthly interest-only payments of $1,076 for 10 years. Assumes APR of 4.303% for life of loan. After the initial interest-only period, the monthly payment will consist of a principal and interest payment of $1,866 for 20 years assuming no principal reduction during the first 10 years. Initial interest