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That's a tough gig, selling an ARM in a rising market.
No payment for 90 days
At least 30 days are collected in escrow at closing, the remaining 60 -- or
all 90 if 30 are not collected in escrow -- are a neg am.
Min. Payment
This is a neg am payment. the interest due but not paid is tacked onto the
back end of the loan. Subsequent payments go up. The cap on the negative is
125% of the initial loan amount.
Interest Only
This option pays all interest that is due.
30- and 15-year Options
These are precisely what they appear to be, they reduce principle to repay
the loan in either 15 or 30 years. If there is an Interest Only or a Min.
Payment made along the way, these two payments will go up to keep the term
at 30 or 15 years.
Payments on any of these options will rise or fall each month as the market
goes up and down, and they will go up following any Minimum Payment.
Don't get me wrong, I like the loan product. But, it's complicated product
and anybody that considers one should be fully informed.
<irwin.sanjose@yahoo.com> wrote in message
news:1155619082.725315.314710@m73g2000cwd.googlegroups.com...
OPTION ARM, 1% RATE Lending...
Call us for a FREE Consultation!
1-877-LEND-150 is just what the doctor ordered!
:: Need to lower you over head and expences?
:: Want to create a Positive Cash Flow on an Investment Property?
:: Feeling the pain of loosing deals & wasting time?
:: Sick of being negative every month?
And Now!!.. 5 Payment Options
(example on a $750,000 Loan)
1. Waive Payments 1st 90 Days -> NOTHING FOR 90 DAYS
2. Minimum Payment -> $2412.30
3. Interest only Payment -> $4062.50
4. 30 Yr fully amortized -> $4740.51
5. 15 Yr fully amortized -> $4488.71
Broad Choice
» Purchase / Refinance
» Cash-Out upto 100% LTV
» Residential Properties
» Debt Consolidation
» 40yr financing on MTA
» (Zero!) 0% Rate & No Payments for the first 90 days
» Loans to $2 Million
» Ability to lend in 50 States
Loans for Real People
.: Cash-out
.: Rate & Term
.: Lower your Over Head
.: Debt Consolidation
.: Create Positive Cash Flow
.: Great for Investers
.: Work smarter not Harder
.: Use savings to spend more time with your family
.: No Doc ,?Stated,?Full Doc,?Non-owner ,?2nd Home,?
Benifits:
» $0.00 Closing Cost (subject to resrtictions)
» No PMI
» Payment Deferral
» Knowledgable Mortgage Professional
» Tailor Made Needs
» Tax write-off
» ...and the Obvious - LOWER MONTHLY PAYMENTS
Silver Lending Group, LLC. is a "partner you can trust" and not an
impersonal,
inflexible processing factory.
1-877-LEND-150
Regards,
Silver Lending Group, LLC
IRWIN ELLIS
toll free: 877 LEND 150
tel: 408.441.1494
fax: 408.441.1496
email: Irwin@silverlending,com
We do mortgages in 50 states!!!!!!
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Re: OPTION ARM, NO PAYMENT FOR 90 DAYS, NO CLOSING COST!
