Option Arms, Mortgage loan, Mortgage Interest Rates, Refinance Rates, Mortgage Rate

Option ARMs are no longer available.
But low fixed* rates are even if you are in foreclosure!
We can send you copies of our loan modifications that we have obtained to prove what we can do!

Loan Amount	Payment
$ 300,000.00	$500.00

Has your lender let you down?
We have 20 years of experiance!
We can help you get a low rate.

Visit our loan program page. There you will find a description of how the Option ARM program works and at the bottom of that page you will find a list of ADJUSTABLE RATE MORTGAGE and ACRONYM DEFINITIONS.

The mortgage industry has undergone an unprecedented change in 2007 and 2008. There is no longer mortgages available for stated income borrowers. There is no longer option arms available. Real estate values have declined (more in some areas then in others). There are great buys on real estate and there are great deals on low interest fixed rate Fannie Mae and FHA loans. If you can't qualify or are behind on your payments or even in foreclosure we can help you get a loan modification at even a lower rate. Soon most lenders may even allow principal reductions. This is where they actually lower your loan balance to 90% of the current market value. Some lenders have already started offering this as of 12-18-08.

Now for the required legal disclosures. Nothing on this web site or on this page is intended to quote a specific interest rate or term of what may be available on any given day or for your spicific situation. With changes in program availability, guidelines and pricing occurring daily, we can only provide interest rate estimates (along with a Good Faith Estimate and Truth and Lending) after we receive a complete loan application from the borrower. Further your exact program and rate will not be assured until after we have your loan or modification approved and your rate and term locked in. All references made to a percentage of value that will be loaned (i.e. 80% CLTV) assume that the value of the property will be determined by an appraisal. "2% rate" refers to a hypothetical loan that has a 2.6% APR. Rates are subject to change as the market changes. Your loan will be priced according to a number of factors including your credit score, LTV ratio and type of income documentation provided. The statement that "we can save you money by lowering your payments" assumes that your payments are higher than the payments offered on a new program and that you qualify for a new loan or modification which you close with us. The term "5 year fixed" as used in this advertisement is not intended to mean "a fully amortized, level term payment" as stated in section 10235 Business and Professions Code. It is intended to refer to an loan that has a 30 or 40 year term where the note rate changes after a fixed period of time such as 5 years, the minimum monthly payment required is less then the fully amortized payment and does not change for the first five years Our loan interest rates are generally directly tied to increases or decreases in one of the following indexes, COSI index, CODI index, MTA index, COFI index or LIBOR Index. Historical Index graphs for the COSI Index, CODI index, MTA index, COFI index and LIBOR index can be found at the bottom of our index pages on this site. The Term "Low Fixed Rate" above refers to a 30 years level payment fully amortized loan. Although we may also offer 3, 5,7 and 10 years interest only loans as an alternitive that are due in 30 years. In this case the rate and payment is fixed for only the 3, 5, 7 or 10 years then it and the payment will adjust according to the terms of the Note and program being offered.

Payment example: The example given is based on a hypothetical 30 year loan term, modified to a 2% initial interest only rate, to adjust after 5 years to a current rate in effect at that time based on a predetermined margin and a spicific index.

If you made it through the above disclosures, and would like more details on how these programs works, click on our "programs" tab for and easy to read simple explanation on how they work. For details on what we have for your spicific situation, please contact us or send us your contact information and scenario via e-mail.