PayOption ARM

• Change Payments as Needed

• Start Rates as low as 1.0%

• 30-Year Terms up to 95% LTV

• No Income Verification with 20% Down

• Great for Self-Employed or Investor

At last, a mortgage that goes with your cash flow. The PayOption ARM lets you choose different mortgage payment options as your needs or financial situation changes. Tight on cash? Received a bonus and want to use it to reduce your principal? With the PayOption ARM, you can select the payment option that works best for you each month. In addition to this financial flexibility, PayOption ARM also provides you with low start rates. You even have a choice of three rate indexes: COFI, MTA, or LIBOR.

Option 1:
30-Year Amortized Payment: $1088.97*
The amount necessary to pay the loan off

(P&I) at the maturity date in substantially equal payments.

Option 2:
15-Year Amortized Payment: $1594.64*
The amount necessary to pay the loan off (P&I) within a 15-year term, from the first payment due date, in substantially equal payments.

Option 3:
Minimum Payment: $643.28*
The minimum amount that will be accepted for a payment. This payment can change annually and may be subject to a cap.

Option 4:
Interest Only Payment: $854.17*
The amount of the interest portion of the payment at the current interest rate. The principal balance will not be decreased by this payment. (Available only if it exceeds the minimum payment)