| FlexPay ARM |
| Description: This loan offers a super-low introductory rate and payment. The interest rate adjusts monthly, but
the payments are based on the introductory rate for the first year. After that, the minimum required payment will increase
7.5% per year for next four years. The payment may increase significantly after the fifth year or if the loan balance
increases to 110% of the original amount borrowed.
Benefits: This product gives you the flexibility of up to three different payment options to meet your monthly financial needs. Each month your options may include a fully amortizing payment, an interest-only payment or the minimum payment, which is initially based on the low introductory rate. To Consider: Although this loan offers a low payment, the interest rate is adjustable after the first payment. Depending on the actual rate and your payment choice, this loan has the potential for negative amortization. This means that your balance may increase over time, rather than decrease, if your minimum payment does not exceed the amount of interest due. |
| For information about FlexPay ARM loan program, please contact us |
Equal Housing Lender. Some products may not be available in all states. Restrictions apply.
All rights reserved. Pre-qualification is neither pre-approval nor a commitment to lend; you must
submit additional information for review and approval. Approval may be subject to rate increases,
satisfactory title and appraisal review, and no change in financial condition. *Refinancing
or taking out a home equity loan or line of credit may increase the total number of monthly
payments and the total amount paid when comparing to your current situation.