NO MONEY DOWN 100% NEG. AM. LOANS
Their now is a NO MONEY
DOWN Negative Amortization Loan (100% CLTV).
Below are some key points
to the loan:
Loan Amounts up to
$1,500,000 with Full Documentation
Loan Amounts up to
$800,000 with Reduced Documentation
Good for Purchases and
Refinances
Rates
0.90% with a 30
Year Amortization
1.2% with a 40
Year Amortization
Documentation Type
SIVA (stated
income verified assets)
VIVA (verified
income verified assets)
Property Type
Owner Occupied only
Single Family, Condos,
Town Homes and Duplex
Loan Option
First Trust Deed of 80%
(LTV) and a Second Trust Deed of 20% (LTV)
First Trust Deed: Negative
Amortization Loan
Second Trust Deed: Home
Equity Line
Sample Loan Quote for a 100% Loan
1.2% with 40-Year
Amortization
Purchase
Zero Down
|
Option 1
Low Rate |
Option 2
Interest Only |
Option 3
P & I |
|
Purchase Price |
$800,000 |
$800,000 |
$800,000 |
|
CLTV |
100% |
100% |
100% |
|
Total Loan
Amount |
$800,000 |
$800,000 |
$800,000 |
|
|
|
|
|
|
First Mortgage |
|
|
|
|
LTV |
80% |
80% |
80% |
|
Loan Amount |
$640,000 |
$640,000 |
$640,000 |
|
Amortization |
40 Years |
40 Years |
40 Years |
|
Interest Rate |
1.2% |
6.25% |
6.25% |
|
Monthly
Payment |
$1,679 |
$3,333 |
$3,633 |
|
|
|
|
|
|
Second
Mortgage
Home Equity
Line |
|
|
|
|
LTV |
20% |
20% |
20% |
|
Loan Amount |
$160,000 |
$160,000 |
$160,000 |
|
Interest Rate |
9.5% |
9.5% |
9.5% |
|
Monthly
Payment |
$1,266 |
$1,266 |
$1,266 |
|
|
|
|
|
|
Total Monthly
Payment |
$2,945 |
$4,599 |
$4,899 |
To receive a FREE Loan
Quote, please fill out one of our
FREE Loan Quote pages. We
only ask a few questions, so it will only take a minute
to fill out either page.
Free Refinance Quote:
Click HERE
