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Available Products
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· 12 MAT Pay Option ARM
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· 12 MAT Pay Option ARM - 40-Year
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What are the benefits of 12 MAT ARM?
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· Excellent choice for borrowers who are self-employed or work on commission with inconsistent income because borrowers have payment options every month
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· Helps maximize cash flow or defer interest to offset capital gains in a securities portfolio for savvy investing
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· Works well for investment properties where rentals may produce an uneven monthly revenue stream
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Why is 12 MAT ARM so flexible, yet stable?
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Based on the Monthly Treasury Average (MTA), the 12 MAT is not affected by the volatility of daily interest movements. Each month the MTA index adjusts to reflect the previous 12-month average, thus avoiding the sharper fluctuations of other volatile indices.
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Available Payment Options
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· Minimum Payment (based on low start rate)1
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· Interest Only2
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· Fully Amortizing
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Features
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· 95% CLTV Full Doc, Purchase and Primary Residence
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· 80% Full Doc, Purchase, Primary Residence up to $1,500,000
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· 80% Stated Income, Cash Out, Primary Residence up to $650,000
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· NINA available up to $1,000,000
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· Up to $1,000,000 cash out
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· Loan Amounts up to $2,500,000
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· 9.95% life cap for all transactions
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· Decision Credit Scores as low as 620
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· FastForward® to 85% LTV
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· Learn More about 12 MAT disclosures
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