 |
||
|
HOME APPLY
ONLINE CALL TOLLFREE 866-535-8987C |
MTA Option Arm Loans DUE TO MARKET CONDITIONS, THE OPTION ARM IS ALL BUT GONE. WE HAVE 1 LENDER WHO STILL DOES THE TYPICAL OPTION ARM -- THEY ARE ONLY IN CA. CO, CT, IL, TX, UT AND WA. YOU MUST HAVE A CREDIT SCORE OF 680, FULL DOC ONLY, 80% TO $750,000 OR 75% TO $1,000,000 - PRIMARY AND 2ND HOMES - PURCHASE, RATE/TERM OR CASHOUT. FOR INVESTMENT PROPERTIES 60% TO $1,000,000. PLEASE CALL FOR MORE INFORMATION ON THE MTA OPTION ARM LOAN. WE
ALSO HAVE A 6 MONTH COFI LOAN WITH LOW RATES -- THIS PRODUCT IS
ONLY AVAILABLE IN CA AND AZ. PLEASE CALL FOR ALTERNATIVES TO THE
OPTION ARM.
One great loan option available today is an MTA loan. MTA stands for "Monthly Treasury Average." This loan offers up to 4 different payment options monthly. Your minimum payment interest rate can start as low as one percent (this is a negative amortization payment). You also have the choice of paying interest only, below interest only, or principal plus interest--your choice, every month. With this type of loan, you may save enough money every month to pay down your other debt, save for retirement or your child's college education, invest in the stock market or real estate or save for retirement. Many real estate agents and loan officers are not familiar with this type of loan, and may not fully understand how it works. That's why many people don't take advantage of an MTA option ARM loan. However, we specialize in these unique mortgage loans, and we can help set one up for you that is tailored to your specific needs. These loans can be done at 95% financing, 40 year payment terms and stated income. We now offer another variation of this loan. This variation offers a 5 year fixed Full Indexed Rate with the minimum payment 3% below that full indexed rate. Unlike the 1 month option arm, this full indexed rate will not change for the first five years of the loan. In additional unlike the minimum payment on the 1 month MTA option arm which is factored on a fully amortized payment - principal and interest -- this minimum payment is an interest only payment. There are also 4 payment options available with this loan. Please call us for details on this option arm. At First National Mortgage Sources, you can apply for your loan online or get pre-approved before you apply. You can also request a rate quote before you apply. We do, however, urge you to call us toll-free at (866) 535-8987 so that we can talk you through your options and give you all the facts about this unique loan. If this is not the loan for you, we'll make sure to tell you about the many other mortgage options available. At First National Mortgage Sources, we're here to help. Brokers - Earn extra income with Commercial loans - Click here for more information PURCHASE AND REFINANCE
Alabama - Arizona - Arkansas - Alaska - California - Colorado - Connecticut - Delaware - Florida - Georgia - Hawaii - Idaho - Illinois - Indiana - Iowa - Kansas - Kentucky - Louisana - Maine - Maryland - Massachusetts - Michigan - Minnesota - Mississippi - Missouri - Montana - Nebraska - Nevada - New Hampshire - New Jersey - New Mexico - New York - North Carolina - North Dakota - Ohio - Oklahoma - Oregon - Pennsylvania - Rhode Island - South Carolina - South Dakota - Tennessee - Texas - Utah - Vermont - Virginia - Washington - West Virginia - Wisconsin - Wyoming - Washington, D.C. |
Home
Mortgage Companies
|
