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American Freedom Mortgage, Llc Choice Option
ARM allows the borrower to better manage
their cash by choosing from among four monthly
payment options:
- Minimum payment
- Interest only payment
- 30 year fully amortizing payment
- 15 year fully amortizing payment
Your borrower(s) can choose either the
MTA or LIBOR index for their loan prior
to closing.
1st American Freedom Mortgage, LLC Choice
Option ARM combines the low initial rate
of an Adjustable Rate Mortgage with predictability
in the minimum payments due the first several
years of the loan, all at no money down
for eligible borrower(s). The ability to
manage monthly cash flow puts the borrower(s)
in control of their finances and is ideal
for commissioned employees or those who
have highly variable income.
If your borrower(s) cannot provide all of
the paperwork needed to close their loan,
our no doc and stated income/stated asset
programs may be just right for them. Low
rates and large loan amounts are available.
Interest only allows your borrower(s) to
have flexibilities that traditional loans
don't. Your borrower(s) house will appreciate
or depreciate regardless of how much principal
is paid each month; therefore, paying zero
principal and diversifying into other assets
or savings will allow the borrower(s) to
have real estate and financial assets working
together to create a more diversified plan
in building net worth or an estate. And
you are paying the lowest possible interest
rate on your mortgage loan. 1st American
Freedom Mortgage, Llc interest only loans
recast themselves upon the initial interest
rate change; thereby, allowing a borrower
to manage or customize his/her cashflow.
This is beneficial for borrowers who are
commissioned, bonus, self-employed, or who
have a house to sell. They may take a higher
mortgage balance today and reduce it in
the future to a more comfortable level and
reduce their monthly payment. 1st American
Freedom Mortgage, Llc Interest Only Capital
Advantage program is available in full doc,
stated income and no ratio.
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