Want to lower your mortgage payment?
Refinance with an Option arm Loan and free up cash every month.
How low could your monthly payment be?
If your Loan amount is: You can pick a payment as low as:
$100,000..................................................$367.12
$200,000..................................................$734.25
$300,000............................................... $1101.37
$400,000 ...............................................$1468.50
$500,000 ...............................................$1835.62
Based on 1.95% minimum payment option. Apr 6.6% is determined by the margin and the index used. Call for details.
Control your finances and increase your monthly cash flow.
• Pay off high-interest credit card debt
• Make home improvements
• Combine 1st and 2nd mortgages
• Invest for your retirement
It’s your money; it’s your choice. Call me today. Brock Barrows
1-888-434-1555 14755 Foothill Blvd suite I
Fontana, Ca 92335
*Rate effective as of 12/01/2006. Payments calculated based on minimum payment rate of 1.95. The APR may increase after the loan closes. The initial payment is in effect for the first year of your mortgage. When you choose the minimum payment amount, the payment may not always cover the total interest due. The unpaid portion, called deferred interest, is added to your loan balance. Sample payments are calculated based on a 30-year loan with 360 monthly payments. This is not a commitment to lend. Some restrictions apply. Rates and terms subject to change..
What is a Pay Option?
The Pay Option is the most reasonable tool to finance a home and manage your cash flow at the same time.
It is a "creative"financial tool that can be used to "create"cash when needed. Each month it offers you the opportunity to manage your money the way you want with up to four payment options each month...
Option 1> Minimum Payment
This option gives you more cash now and keeps mounthly payments manageable.
> Payment changes annualy and is calculated using the initial intrest rate for the first 12 months.
>The minimum monthly payment is recalculated annually thereafter; and is based on the outstanding principle balance, remaining loan term, and prevailing intrest rate.
>7.5% Payment Change Cap limits how much this option payment can increase or decrease each year.
*during the initial intrest rate period, the Minimum Payment Option represents a full P&I payment and therefore the Intrest Only Payment and the Full Amortized Payment Option are not applicable.
Option 2> Intrest Only Payment
This option allows you to keep payments manageable while paying only the intrest due.If the minimum payment is not enough to pay the monthly intrest due, deferred intrest can be avoided.
>Payments remain manageable , with no change in the principal balance for that month.
Option 3> Fully Amortized Payment
This option allows you to reduce the principal and pay off the loan balance on a schedule.
> Calculated to amortize the loan based on a 30-year or 40-year term from the first payment due date.
Option 4> 15-Year Payment
This allows you to own your home twice as fast!
> Build equity faster, pay-off the balance quicker and substantially save on intrest.
>Calcutated to amortizw the loan basedon a 15-year term from the first payment due date.