|
WHICH TYPE OF MORTGAGE IS RIGHT FOR YOU?
| |
Fixed
rate |
Adjustable rate |
Interest
only |
Piggyback |
| DESCRIPTION |
Payments are locked in for the
life of the loan. |
The interest rate is fixed for
a set period, then fluctuates on a monthly or yearly basis. |
You make only interest payments
for a set period, then principal payments too. |
Two mortgages (or a mortgage
and a home equity loan or line of credit) at the same
time. |
| YOU'LL WANT ONE
IF... |
...you're willing to pay for
complete predictability. Interest rates are higher, but your
payments won't change for the life of the loan. |
...you're willing to
accept interest-rate risk in exchange for a lower rate
and lower monthly payments. The shorter the fixed term, the
lower the interest rate. |
...you want to keep your
payments down in the short term (at the expense of much higher
payments later). Interest-only payments can reduce your
monthly outlay by about 20%. |
...you don't want to cough up
much cash for a down payment and also want to avoid private
mortgage insurance (PMI). Some use piggyback loans to avoid
jumbo mortgage rates. |
| WHO IS IT GOOD
FOR? |
Buyers who are likely to stay
in the same house for at least seven years. |
Buyers who are likely to move
or refinance within a few years - or are comfortable with
interest-rate risk. |
Buyers who are confident that
their income will rise in the future. |
Buyers whose PMI would cost
more than the interest on the piggyback
loan. |
Microalimentos HAS PROGRAMS
FOR:
| |
- LOW FIXED RATE MORTGAGES
- NO P.M.I. PROGRAMS
- NO CREDIT SCORE PROGRAMS
- BUY A HOME WITH AS LITTLE AS 3% DOWN WITH NO CREDIT
SCORES
- FREE PRE-APPROVALS FOR BUYING A HOME
- SELF-EMPLOYED - LITE DOC, NO DOC, NO RATIO, STATED
INCOME
- PAYING OFF BILLS
- ONE YEAR IN A CHAPTER 13 BANKRUPTCY
- DIVORCE PAYOFFS
- CONSOLIDATE DEBT
- CASH OUT FOR HOME IMPROVEMENTS
- SOLVING YOUR CREDIT PROBLEMS
- PAYOFF JUDGEMENTS OR COLLECTIONS
- PAYOFF LAND CONTRACT
|
- NO PRE-PAYMENT PENALTY PROGRAMS
- ESCROW YOUR TAXES & INSURANCE
- COMBINE A 1ST & 2ND MORTGAGE UP TO 97% OF THE HOMES
VALUE
- FREE CREDIT & INCOME ANALYSIS
- CASH OUT FOR ANY REASON
- 100% PURCHASE OR REFINANCE PROGRAMS
- ONE YEAR OUT OF A CHAPTER 7 BANKRUPTCY
- ONE YEAR IN DEBT MANAGEMENT
- BANK TURNDOWNS
- PAY DELINQUENT PROPERTY TAXES
- BALLOON PAYOFFS
- PAYOFF HIGH RATE CREDIT CARDS
- PAYOFF IRS
ANY REASON IS A GOOD REASON
CALL TODAY
1-(866)-METRO-33 |
Microalimentos LOAN TYPES:
|
30 YEAR |
FIXED / ADJUSTABLE (ARM) |
7/1 ARM |
TREASURY |
| FIXED LOAN |
25 YEAR |
FIXED / ADJUSTABLE (ARM) |
5/1 ARM |
TREASURY |
| FIXED LOAN |
20 YEAR |
FIXED / ADJUSTABLE (ARM) |
5/1 ARM |
LIBOR |
| FIXED LOAN |
15 YEAR |
FIXED / ADJUSTABLE (ARM) |
3/1 ARM |
TREASURY |
| FIXED LOAN |
10 YEAR |
FIXED / ADJUSTABLE (ARM) |
3/1 ARM |
LIBOR |
| |
|
FIXED / ADJUSTABLE (ARM) |
1 YEAR |
LIBOR |
| |
| FIXED "NO P.M.I" |
30 YEAR |
FIXED / ADJUSTABLE (ARM) "NO P.M.I." |
7/1 ARM |
TREASURY |
| FIXED "NO P.M.I" |
15 YEAR |
FIXED / ADJUSTABLE (ARM) "NO P.M.I." |
5/1 ARM |
TREASURY |
| |
|
FIXED / ADJUSTABLE (ARM) "NO P.M.I." |
3/27 ARM |
LIBOR |
| |
|
FIXED / ADJUSTABLE (ARM) "NO P.M.I." |
2/28 ARM |
LIBOR |
| |
| |
|
FIXED / ADJUSTABLE ARM "INTEREST ONLY" |
7/1 ARM |
TREASURY |
| |
|
FIXED / ADJUSTABLE ARM "INTEREST ONLY" |
5/1 ARM |
TREASURY |
| |
|
FIXED / ADJUSTABLE ARM "INTEREST ONLY" |
3/27 ARM |
LIBOR |
| |
|
FIXED / ADJUSTABLE ARM "INTEREST ONLY" |
2/28 ARM |
LIBOR |
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