low-payment plan mortgages
rate type: fixed or justable
Start with a low introductory payment plan that expires after an initial period (3-5 years).
You are "buying-down" the rate by paying back-end points or adding interest rate charges to your mortgage loan commonly referred to as negative amortization.
|terms for 15- and 30- years|
|select either fixed or ARM|
|select this product for lower introductory payment|
|select this product if you are in high-priced markets|
|select this product if you plan to sell at a capital gain|
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