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PAY OPTION ARMS
One of the most "Ingenious Financial Tools" you could ever consider to Purchase an/or Refinance your home. Compare our "MTA & COSI INDEX OPTION ARMS" to your Traditional 30YR or Interest Only Adjustable Mortgage and SAVE $$$.
Attention All Homeowners & Buyers
 REFI ALERT !!
"ZERO"
CLOSING COST
The 6 mo. Libor rates HAVE GONE through the ROOF
Interest Only 5/6 - 7/6 Arms are hovering above 6.500%.
"USE OUR OPTION ARM CALCULATOR"
REQUEST A "TOTAL COST ANALYSIS"
REQUEST AN "OPTION ARM REPORT"
Great for Primary and Investment Homes!
Start rates of 1.00% to 1.375% to 2.4500% to 2.950% Investment Property).
Effective terms of 5 years to 10 years for the greatest savings.
Loan amounts > $1,500,000 start rate only 1.625% for a 30 year term.
$5,000,000 @ 2.45%/40yr Term = $15,807/MO - VS - 5/6 LIBOR @ 5.75% = $23,958/MO
" CALL - 404-509-2913 TODAY"
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The Option Arm can provide one of the "Best Means" to own and manage your home:
Here's one loan that gives you 4 WAYS to have the "Lowest Cost to Own", the "Lowest Rate to Cash Out Equity and or Consolidate Debt" in addition to the having the flexibility to "Build Equity" on a monthly basis.
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Four Payment Options on one monthly mortgage statement?
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USE CAUTION : The Option Arm is not for every homeowner be sure you understand the complexities of this loan. Seek advice from a knowledgeable Mortgage Professional!!
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For detailed information as to the history and different indexes that support "Option Arm" programs please call today.
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You can be a 1st Timer to the Multi-Million Dollar Estate Owner. With FICO SCORES as low as 620 you may qualify.
Apply Full Doc or Easy Doc (Stated Income - Verified an/or Stated Assets).
Good for Vesting Corporations, LLC's, LLP's, General Partnership's, Cross Collateralizations and Trust.
Loan amounts greater than $2,000,000 require Fico Score of > 700.
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Example: (1) $1,500,000 start rate of 1.00% yields a minimum payment of $4,999/mo. versus a 5.50% interest only payment of $6,875/mo.
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E
xample: (2) $2,000,000 state rate of 1.625% yields a minimum payment of $7,145/mo. versus a 5.50% interest only payment of $9,166/mo.
Option Arm programs can also be structured on a 40 year term. Note: Not all Option Arms have this feature!
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This reduces your monthly payment and creates additional "deferred interest".
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Example: $1,500,000 start rate (40yr term), 1.75% yields a minimum payment of $4,347/mo versus the 30 yr term at a payment of $4,999/mo.
- This option saves you an additional $652/mo.
SPECIAL JUMBO COMBINATION: 90% Loan To Value up to $1,200,000 = Sales Price of $1,333,333
- Investment Properties: Increase your positive cash flow!
- Enjoy the ability to Purchase and Refinance with "High CLTV's" up of 90%.
- Imagine an 80% 1st at 2.00% and a 2nd with an HELOC (Interest Only). Fico as low as 680 to qualify.
- Cash out options up to 90%.
Combo Loan Scenario's
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95% CLTV UP TO $400,000
- 90% CLTV UP TO $1,000,000
- EQUALS PURCHASE PRICE OR APPRAISED VALUE OF $1,111,111 = $1,000,000 LOAN AMOUNT
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If your current loan is greater that 80% of it's appraised value we can structure a 2nd mortgage (HELOC) between 90% to 95% of it's value. Saving you $$$$$ THOUSANDS OF DOLLARS . . .
REQUEST YOUR OPTION ARM WORKSHEET
- ATTENTION CUSTOM HOME OWNERS: Permanent Financing after Construction Period: Refinance 80% 1st at 1.00% and obtain a Simutaneous HELOC 2nd for the remaining 90% of the balance or a Stand Alone HELOC 2nd for the balance for a 89.9 CLTV, call for details.
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Example: 90% of $1,111,000 Combined Loan to Value (CLTV) equals a loan amount of $1,000,000 (80% 1st at 1.00, 10% 2nd HELOC at (Prime 6.00%) = $3,471/mo.
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Example: 90% of $700,000 Combined Loan to Value (CLTV) equals a loan amount of $630,000 (80% 1st at 1.00%, 10%, 2nd HELOC at (prime 6.00%) = $2,151/mo.
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Home Equity Line of Credit (HELOC) (Interest Only) available for elimination of PMI and cash out options. Rates as low as Prime (6.00% as of 4/05/05)
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Principal payments recalculates loan balance every month, thus building equity and lowering next months payment as well. The focus is on the "CHOICES" of retention of income and equity building.
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Ask about "Unlimited Cash-Out Options for loan amounts up to $1,500,000.
Note: Minimum Payment is held to payment cap of 7.5% per year for a total of 5 year before recasting of loan takes place. Options 2 - 3 - 4 interest rate cap of 9.95%. This loan has the ability to create "Deferred Interest". Call for a full explanation of how the Option Arm would increase your OPTIONS.
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