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<P style="MARGIN-BOTTOM: 12pt; TEXT-ALIGN: center" align=center><STRONG><U><SPAN style="FONT-SIZE: 24pt; COLOR: black">Option ARMs Direct</SPAN></U></STRONG><B><U><o:p></o:p></U></B></P>
<P style="TEXT-ALIGN: center" align=center><STRONG><I><U><SPAN style="FONT-SIZE: 18pt; COLOR: yellow"></SPAN></U></I></STRONG><I><o:p></o:p></I></P>
<P style="TEXT-ALIGN: center" align=center><STRONG><I><U><SPAN style="FONT-SIZE: 18pt; COLOR: yellow"></SPAN></U></I></STRONG></P>
<P style="TEXT-ALIGN: center" align=center><STRONG><I><U><SPAN style="FONT-SIZE: 18pt; COLOR: yellow">Purchase or Refinance with low monthly payments!</SPAN></U></I></STRONG><I><o:p></o:p></I></P>
<P style="TEXT-ALIGN: center" align=center> <B><SPAN style="FONT-SIZE: 13.5pt">1% Start Rate* / 40 Year Term / 10 year Payment Caps!<BR></SPAN></B><B><SPAN style="FONT-SIZE: 13.5pt">5 Yr. Fixed Hybrid* / 125% Re-cast Rate! <BR>up to 95% loan to value!</SPAN></B><B><SPAN style="FONT-SIZE: 13.5pt"><BR>No seasoning required on ownership</SPAN></B><B><SPAN style="FONT-SIZE: 13.5pt">.</SPAN></B></P>
<P style="TEXT-ALIGN: center" align=center><B><SPAN style="FONT-SIZE: 13.5pt">Hybrid Option ARM & Pay Option ARM Loans!<BR>Home Equity Lines!<BR>Stated Income/Investment Property/Cash-Out</SPAN></B></P>
<P style="TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 13.5pt"></SPAN><o:p><STRONG><FONT size=4>LOW FIXED RATE and INTEREST ONLY MORTGAGES AVAILABLE too!*</FONT></STRONG></o:p></P>
<P style="TEXT-ALIGN: center" align=center><B><SPAN style="FONT-SIZE: 18pt">30 year Jumbo Loans up to $7,000,000 or more!</SPAN></B><o:p></o:p></P>
<P style="TEXT-ALIGN: center" align=center><B><SPAN style="FONT-SIZE: 13.5pt">*We can save you money with lower mortgage <BR>payments!</SPAN></B> <o:p></o:p></P>
<P style="TEXT-ALIGN: center" align=center><STRONG><FONT size=4>Example:</FONT></STRONG><B><BR style="mso-special-character: line-break"><BR style="mso-special-character: line-break"></B></P>
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<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 132.15pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=176>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>Loan Amount<o:p></o:p></FONT></SPAN></B></P></TD>
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 76.2pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=102>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>Payment<o:p></o:p></FONT></SPAN></B></P></TD></TR>
<TR style="HEIGHT: 15.45pt; mso-yfti-irow: 1">
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 132.15pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=176 x:num="300000">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$<SPAN style="mso-spacerun: yes"> </SPAN>300,000.00<o:p></o:p></FONT></SPAN></B></P></TD>
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 76.2pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=102 x:num="758">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$<SPAN style="mso-spacerun: yes"> </SPAN>758.00*<o:p></o:p></FONT></SPAN></B></P></TD></TR>
<TR style="HEIGHT: 15.45pt; mso-yfti-irow: 2">
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 132.15pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=176 x:num="500000">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$<SPAN style="mso-spacerun: yes"> </SPAN>500,000.00<o:p></o:p></FONT></SPAN></B></P></TD>
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 76.2pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=102 x:num="1264">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$1,264.00*<o:p></o:p></FONT></SPAN></B></P></TD></TR>
<TR style="HEIGHT: 15.45pt; mso-yfti-irow: 3">
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 132.15pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=176 x:num="800000">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$<SPAN style="mso-spacerun: yes"> </SPAN>800,000.00<o:p></o:p></FONT></SPAN></B></P></TD>
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 76.2pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=102 x:num="2022">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$2,022.00*<o:p></o:p></FONT></SPAN></B></P></TD></TR>
<TR style="HEIGHT: 15.45pt; mso-yfti-irow: 4">
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 132.15pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=176 x:num="1000000">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$1,000,000.00<o:p></o:p></FONT></SPAN></B></P></TD>
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 76.2pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=102 x:num="2528">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$2,528.00*<o:p></o:p></FONT></SPAN></B></P></TD></TR>
<TR style="HEIGHT: 15.45pt; mso-yfti-irow: 5">
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 132.15pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=176 x:num="1500000">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$1,500,000.00<o:p></o:p></FONT></SPAN></B></P></TD>
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 76.2pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=102 x:num="3792">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$3,792.00*<o:p></o:p></FONT></SPAN></B></P></TD></TR>
<TR style="HEIGHT: 15.45pt; mso-yfti-irow: 6">
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 132.15pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=176 x:num="2000000">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$2,000,000.00<o:p></o:p></FONT></SPAN></B></P></TD>
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 76.2pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=102 x:num="5057">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$5,057.00*<o:p></o:p></FONT></SPAN></B></P></TD></TR>
<TR style="HEIGHT: 15.45pt; mso-yfti-irow: 7">
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 132.15pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=176 x:num="2500000">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$2,500,000.00<o:p></o:p></FONT></SPAN></B></P></TD>
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 76.2pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=102 x:num="6321">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$6,321.00*<o:p></o:p></FONT></SPAN></B></P></TD></TR>
<TR style="HEIGHT: 15.45pt; mso-yfti-irow: 8; mso-yfti-lastrow: yes">
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 132.15pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=176 x:num="3000000">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$3,000,000.00<o:p></o:p></FONT></SPAN></B></P></TD>
<TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 76.2pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 15.45pt; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=102 x:num="7585">
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><FONT size=3>$7,585.00*<o:p></o:p></FONT></SPAN></B></P></TD></TR></TBODY></TABLE></DIV>
<P style="TEXT-ALIGN: center" align=center><o:p> </o:p><STRONG><I><SPAN style="FONT-SIZE: 18pt">Since 1986<o:p></o:p></SPAN></I></STRONG></P>
<P style="TEXT-ALIGN: center" align=center><A href="http://www.lenderhomepage.com/content/custom/optionarmsdirect/Inner.php?page=infocapture&form=ContactUs&acctid=100539"><STRONG><SPAN style="FONT-SIZE: 18pt; COLOR: #f66f03; TEXT-DECORATION: none; text-underline: none"><FONT color=#3300ff>Contact Us For Details</FONT></SPAN></STRONG></A><o:p></o:p></P>
<P style="TEXT-ALIGN: center" align=center><STRONG><SPAN style="FONT-SIZE: 13.5pt">No Brokers Please!</SPAN></STRONG></P>
<P style="TEXT-ALIGN: center" align=center><STRONG><SPAN style="FONT-SIZE: 13.5pt"></SPAN></STRONG><STRONG><SPAN style="FONT-SIZE: 13.5pt">Has your lender let you down? <BR>We have 20 years of experiance with Option ARMs!<BR>We are your best source.</SPAN></STRONG></P>
<P style="TEXT-ALIGN: center" align=center><STRONG><SPAN style="FONT-SIZE: 18pt">Our Best Option ARM Program</SPAN></STRONG><o:p></o:p></P>
<P><STRONG><SPAN style="FONT-SIZE: 13.5pt">Our best Option ARM Program currently has a 10 year payment Cap, 125% Recast rate, 30 year Term. This program keeps your payment low for about 10 years based on current rates. It is not FICO driven and is available to *80% LTV (loan to value) up to $2,000,000. for Purchase or for a Cash-Out Refinance. Stated income is ok. </SPAN></STRONG><o:p></o:p></P>
<P><STRONG><SPAN style="FONT-SIZE: 13.5pt">Our best loan is tied to the COSI index which is a great index because it moves slowly and the rate are on there way down. Other amazing features of this loan include the ability to convert it to a fixed rate (fully amortized level payment) loan. The ability to start your payments over at the low start rate twice during the life of the loan (payment modification) and the ability to reducing the margin (margin modification) for the life of the loan for a one time fee of approximately $250. without having to refinance! This is a "keeper" loan. It has a low pre-payment penalty of only 2% for the first 3 years that can be waived if you (or your buyer) obtains another loan from the same lender. We typically don't charge any points for this loan. The loan fees are about $1,000 plus title and appraisal costs. There are no up front fees or costs and you DO NOT pay for the appraisal unless you actually get the loan! This loan is also available for investment property up to *65 to 70 LTV and primary residences up from 70 to *80% LTV. </SPAN></STRONG></P>
<P><STRONG><SPAN style="FONT-SIZE: 13.5pt"></SPAN></STRONG><STRONG><SPAN style="FONT-SIZE: 13.5pt">Now is a great time to buy a home at a discount. We have interest only loans that do not require seasoning on the purchase. These loans are based on the current appraised value rather then your purchase price. </SPAN></STRONG></P>
<P><STRONG><SPAN style="FONT-SIZE: 13.5pt">Due to the current nationwide liquidity shortage, terms and programs are subject to change. Every day brings changes to programs, rates and terms including elimination of Option ARM programs and lenders. The ones that are left are limiting the availability of financing for stated income, high LTV, low FICO score and non-owner occupied borrowers. What we do to deal with the rapidly changing programs, rates, and guidelines is to only work with larger institutional investors and lenders that honor their commitments. On the above described program, we can lock in your rate and loan program upon submission of your file to our investor. This means that once we submit our loan file you will have a loan with a locked rate which you can count on once you approved and are ready to close. </SPAN></STRONG><o:p></o:p></P>
<P><STRONG><SPAN style="FONT-SIZE: 13.5pt">Check with us on this program to be sure that you qualify. Then apply on line so we can get your program, rate and term locked in. If you want an Option ARM don't wait, they are getting harder to get with maximum LTVs dropping, maximum loan amounts dropping, minimum FICO scores rising, starting rates rising especially for stated income borrowers. We need to get your program, rate and guidelines locked in as soon as possible before the market makes it impossible. Changes are occurring daily; don't wait until it is too late to get a good, stable loan with 10 years of predictable payments. </SPAN></STRONG><o:p></o:p></P>
<P><STRONG><SPAN style="FONT-SIZE: 13.5pt"> We are your direct source for Option ARM mortgages. </SPAN></STRONG><o:p></o:p></P>
<P style="TEXT-ALIGN: center" align=center><B>Q & A</B><B><SPAN style="FONT-SIZE: 13.5pt"><o:p></o:p></SPAN></B></P>
<P><B>“Have rates dropped since the Fed cut? Are we locked in at the old (higher) rate?”</B><B><SPAN style="FONT-SIZE: 13.5pt"><o:p></o:p></SPAN></B></P>
<P><B><SPAN style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial"> No, we are not locked in at the higher rate. The loan is an adjustable rate loan tied to the COSI index. The index is dampened and adjusts once a month. As the Fed. lowers the Fed Funds rate the indexes will follow it down ove time along with the rate that you pay. We project that you will receive a rate reduction just about monthly for the next two or three years. We can not guarantee this preformance but based on our 30 years of real estate experiance (20 years with this Option ARM product) that is what we project. You are also protected against any sharp rate increases. The concept is that an Option ARM uses an index where there are no sharp movements in the rate for your protection. But the index does follow the rates up and down with slight monthly adjustments. The last thing we want is to have our home loan tied to a volatile index. The COSI index is the 12 month weighted average of the “cost of savings”. This is the rate that the Savings and Loan pays their customers on savings accounts and CDs. Because it is a 12 month average, the index gives you a nice smooth slow ride up or down in any market. </SPAN></B><B><SPAN style="FONT-SIZE: 13.5pt"><o:p></o:p></SPAN></B></P>
<P><B><SPAN style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">This loan allows you to take advantage of the falling rates and protects you from any sharp rate increases. Having the 10 year payment cap also gives you long term payment predictability and stability as well as a low minimum monthly payment. </SPAN></B><B><SPAN style="FONT-SIZE: 13.5pt"><o:p></o:p></SPAN></B></P>
<P> <STRONG>"What do these acromyns stand for?"</STRONG></P>
<P><STRONG><FONT color=#000099>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 <FONT size=2>ADJUSTABLE RATE MORTGAGE and ACRONYM DEFINITIONS.</FONT></FONT></P></STRONG>
<P> </P>
<P style="TEXT-ALIGN: center" align=center><STRONG><SPAN style="FONT-SIZE: 18pt">*<U>Disclosures <FONT size=2>(the following is to make the regulators happy)</FONT></U></SPAN></STRONG></P>
<P><SPAN style="FONT-SIZE: 10pt">The mortgage industry is undergoing unprecedented change do to a nation wide liquidity crunch. Stable programs that were typically available are now hard to obtain, the pricing and terms offered today frequently change. High LTV, stated income loans, investor loans and loans for borrowers with low FICO score loans are disappearing and becoming more expensive to obtain. For those reasons as well as the sinking home values eating into our equity means locking this type of loan as soon as possible will probably result in a lower interest rate, minimum payment amount and insure that the program will still be available for you when you’re ready to close. Of course once your loan is approved, rate and term locked in and funded, you can count on all the terms of your loan as indicated in your note and the cost of your loan as indicated in your final closing statement from settlement agent. To make the process easier so you can count on a specific loan program, interest rate, term and cost, we work to get your loan program and terms locked in very quickly. This way any program or rate changes will not affect your loan as long as your loan is approved and funded prior to the expiration of your rate lock term (normally 60 days). This brings stability to the process of you obtaining a mortgage loan from us in this rapidly changing lending environment. </SPAN><o:p></o:p></P>
<P><SPAN style="FONT-SIZE: 10pt">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. 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 approved and your rate and term locked in.<STRONG> </STRONG>All references made to a percentage of value that will be loaned (i.e. 100% CLTV) assume that the value of the property will be determined by an appraisal. "</SPAN><STRONG><SPAN style="FONT-SIZE: 13.5pt">1% start rate" refers to a hypothetical loan that has a 7.9% APR. </SPAN></STRONG><SPAN style="FONT-SIZE: 10pt">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 an Option ARM loan and that you qualify for an Option ARM loan 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 a Hybrid Option ARM that has a 30 year term where the note rate does not change for the life of the loan or 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 or changes once a year subject to an annual payment Cap.; but thereafter is adjusted to be the fully amortized payment for the remaining life of the loan. Our Option ARM loan interest rates are 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 acording to the terms of the Note and program being offered. </SPAN></P>
<P><STRONG><SPAN style="FONT-SIZE: 13.5pt">Payment example:</SPAN></STRONG><SPAN style="FONT-SIZE: 10pt"> The example given is based on a hypothetical 40 year loan term, 1% initial start rate, 1 month initial interest rate, 8.4% fully-indexed rate, 9.95% Interest rate Cap. 8.7% APR, with annual payment (subject to a 7.5% Cap. except on every 5th year or if the unpaid balance reaches 115% of the original balance) and monthly interest rate changes are limited by movements in the MTA index. If only the Min. payment was made each month it would not cover the interest, the loan payment would recast after about 3 years (depending on interest rate movements) and the new payment would be high enough to fully amortize the loan over the remaining life of the loan. The loan balances on the hypothetical payment example above would be 115% of the original balance. </SPAN></P>
<P><SPAN style="FONT-SIZE: 10pt"><STRONG>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. </STRONG></SPAN></P><a href='http://www.lenderhomepage.com'>Mortgage Website Design, Mortgage Website Development, Mortgage Web Design, Mortgage Website Template</a>
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