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1 Year Jumbo Arm
MAXIMUM Loan to Value:
purchase: 90%
refinance: 90%
cash out: varies
30 year amortization Rate adjusts every year based on 1
year treasury +( 2.75% or 3.25%). Caps are 2% per year and 6%
for the term of the loan.
PROGRAM STRENGTHS:
Lowest rate for first year out of available programs.
PROGRAM DRAWBACKS:
Risky for long term considering rate can increase as much as 6
RECOMMENDATIONS:
Great program for those who are going to be in a home for three
years or less, those who plan on making more money over the next
few years and those looking to refinance within the next three years.
Not a good program if you think rates are going to increase over
the next few years.
Interest Rates
We offer you wholesale
rates that are to low to advertise...
This is
not a joke... We guarantee it.
Please call
and let us prove it to you!
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