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5/25 Balloon
MAXIMUM Loan to Value:
purchase: 80%
refinance: 80%
cash out: varies
30 Year Amortization Rate is fixed for five years then adjusts
one time based on the 60 day FNMA bond rate plus .625%.
PROGRAM STRENGTHS:
Low rate with 5 year fixed rate security. Great program for borrower
planning on paying off loan or relocating in five years or less. Program
can have extremely low rates with modest point buy-down.
PROGRAM DRAWBACKS:
Five years fixed may not be enough to give one "peace of mind".
RECOMMENDATIONS:
Great program for borrowers (Jumbo especially) who want added security
of a longer fixed rate term but still want to save money over a 30
year.
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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| Conforming vs. Jumbo |
| # of units |
Conforming |
Jumbo |
| 1 Family Home |
$50 - $240,000 |
$240,001 and up |
| 2 Family Home(duplex) |
$50 - $307,100 |
$307,101 and up |
| 3 Family Home |
$50 - $371,200 |
$371,201 and up |
| 4 Family Home |
$50 - $461,350 |
$461,351 and up |
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