Which loan is right for you?

Whatever your situation, we have a loan just for you. If it's a loan to buy a home, lower your monthly payments, pay bills or improve your credit -- we've got it! Let us show you. CALL NOW.

Years you plan to stay in the house	Recommended program
1-3	3/1 ARM, 1 year ARM or 6 month ARM
3-5	5/1 ARM
5-7	7/1 ARM
7-10	10/1 ARM, 30 year fixed or 15 year fixed
10+	30 year fixed or 15 year fixed

Loan Programs	Advantages	Disadvantages
Fixed Rate Mortgages 30 year fixed 15 year fixed	Monthly payments are fixed over the life of the loan Interest rate does not change Protected if rates go up Can refinance if rates go down	Higher interest rate Higher mortgage payments Rate does not drop if interest rates improve

Adjustable Rate Mortgages 10/1 ARM 7/1 ARM 3/1 ARM 1 year ARM 6 month ARM 1 month ARM	Lower initial monthly payment Lower payment over a shorter period of time Rates and payments may go down if rates improve May qualify for higher loan amounts	More risk Payments may change over time Potential for high payments if rates go up

Balloon Mortgages 7 year 5 year	Lower initial monthly payment Lower payment over a shorter period of time Many balloon mortgages offer the option to convert to a new loan after the initial term.	Risk of rates being higher at the end of the initial fixed period Risk of foreclosure if you cannot make balloon payment or if you cannot refinance or if you cannot exercise the conversion option

First Time Buyer Programs	Lower down payment Easier to qualify Sometimes you may get lower rates	May be subject to income and property value limitations Some programs which have government subsidies may have a recapture tax if you sell the house too early.

Stated Income Programs	Don’t need to verify income Faster approval	Higher rates Higher down payment

No point, No fee Programs	No closing costs Less money required to close	Higher rates Higher payments

Imperfect Credit Programs	Potential for reestablishing credit if you pay your mortgage on time. When used for debt consolidation, you may be able to reduce your monthly debt payment	Higher rates Terms may not be as favorable Harder to get long term fixed loans Loans may have prepayment penalties

Home Equity Line of Credit	You only borrow what you need Pay interest only on what you borrow Flexible access to funds Interest may be tax deductible	Rates can change. The maximum interest rate is normally high. Payments can change Harder to refinance your first mortgage

Home Equity Fixed Loan	Fixed payments Interest may be tax deductible	Higher interest rates than on 1^st mortgages Harder to refinance your first mortgage

Credit-Building Loans

LOANS TO HELP REESTABLISH CREDIT

Loan Programs	Advantages	Disadvantages
Adjustable Rate Mortgage (ARM) 6 month ARM 12 month ARM	Six and twelve month ARMs can significantly lower a mortgage payment for six or twelve months. That can be enough time to catch up on other debt payments and improve your credit rating.	Six and twelve month ARMs can become expensive after the initial six or twelve month introductory period. Chances are, you'll want to improve your credit and obtain a better loan.

Fixed Rate Mortgages 2 year fixed 3 year fixed	Two and three year fixed rate mortgages provide the security of a fixed loan payment and relatively low, fixed interest rate for the first two or three years. For most people trying to improve their credit, two to three years is plenty of time. After two or three years, these loans convert to ARM loans.	Two and three year fixed rate mortgages convert to ARM loans at the end of the fixed rate period. Rates on ARMs can increase. Chances are, you'll want to improve your credit and obtain a different loan before the two or three years are up.

Fixed Rate Mortgages 15 year fixed 30 year fixed	Fixed monthly payment and rate protect against interest and monthly payment increases	Higher interest rate compared to ARM introductory rates Higher rate compared to two and three year, fixed rate loans Fifteen and thirty year loans should generally be obtained if you plan not to move or refinance in the foreseeable future. If you're trying to improve your credit in anticipation of refinancing for a lower-rate loan, consider avoiding these loans.

Private Investor Loans (Hard money)	Fast close Less "red tape" Easy qualification guidelines	Higher interest rate Higher loan fee

Credit Advantage Loans

ONCE GOOD CREDIT IS ESTABLISHED (OR REESTABLISHED), THESE LOANS ARE AVAILABLE

Loan Programs	Advantages	Disadvantages
Adjustable Rate Mortgages 10/1 ARM 7/1 ARM 3/1 ARM 1 year ARM 6 month ARM 2/28: 2 yr. fixed rate; 28 yr. ARM 1 month ARM	Lower initial monthly payment Lower payment over a shorter period of time Rates and payments may go down if rates improve. May qualify for higher loan amounts	More risk Payments may change over time Potential for high payments if rates go up

Balloon Mortgages 15 year (30 yr. fixed, due in 15) 7 year 5 year	Lower initial monthly payment Lower payment over a shorter period of time Many balloon mortgages offer the option to convert to a new loan after the initial term	Risk of rates being higher at the end of the initial fixed period Risk of foreclosure if you cannot make the balloon payment, refinance or exercise the conversion option

No or Stated Income/Asset Programs	No tax returns or W-2s No proof of assets or down payment No verification of income Fast approval	Higher rates Higher down payment

No point, No fee Programs	No closing costs Less money required to close	Higher rates Higher payments

Home Equity Line of Credit	You only borrow what you need Pay interest only on what you borrow Access to funds as needed Interest may be tax deductible Up to 125% loan-to-value	Rates can change. The maximum interest rate is normally high Payments can change Harder to refinance your first mortgage

Home Equity Fixed Loan	Fixed payments Receive one lump sum at closing Interest may be tax deductible	Higher interest rates compared to 1^st mortgages Harder to refinance your first mortgage