Financing Options:  

• Option ARM Mortgages
  This loan program is an adjustable rate mortgage with added flexibility of making one of several possible payments on your mortgage every month, in order to better manage your monthly cash flow. It's low introductory start rate allows you to make very low initial mortgage payments and low qualifying rates enable you to qualify for more home.
  
  The minimum payment option can help keep your monthly payments affordable. If the minimum monthly payment is not sufficient to pay the monthly interest due, you can always avoid deferred interest by choosing the interest-only payment option.
  
  With the Option ARM, you generally have at least two fully amortized payment choices, leading to a quicker loan payoff. If you prefer to pay off your loan on schedule, you can make the fully amortized payment based on a 30-year loan, or you can choose the 15-year payment option for the fastest equity build-up.
  
  In most cases, you can also make additional principal payments which reduce the amount you need to pay in later months.
  
  Option ARM loan programs are right for you if you'd like to own your property only for a short time, and prefer affordability and flexibility in your monthly payment. However, if you select the minimum payment option in the early years, you should be prepared for a possible sudden increase (often referred to as payment shock) in your monthly payments thereafter.
  
  Option ARM loans have four major types of payment options:
• Minimum Payment
  With the minimum payment option, your monthly payment is set for 12 months at your initial interest rate. After that, the payment changes annually, and a payment cap limits how much it can increase or decrease each year.
  
  If you make the minimum payment after the end of your initial interest rate period, which usually holds only for the first 1 to 3 months, it may not be enough to pay all of the interest charged on your loan for the previous month and the unpaid interest will be added to the principal balance you owe (will be deferred).
• Interest-Only Payment
  With the interest-only payment option, you can avoid deferred interest, when the minimum payment is not enough to pay the monthly interest due. The interest-only payment option, however, is not available if the interest-only payment would be less than the minimum payment. Please note, that this payment option does not result in your principal reduction.
  
  The interest-only payment may change every month based on changes in the ARM index used to determine your fully indexed rate.
• Fully Amortizing 30-Year Payment
  With fully amortizing payments, you pay both principal and interest and keep your loan on schedule. Your payment is calculated each month based on the prior month's fully indexed rate, loan balance and remaining loan term.
  
  
• Fully Amortizing 15-Year Payment
  If you prefer to put your loan on an accelerated schedule and can afford higher monthly payments, the 15-year payment option allows you to repay your loan twice as faster and save more than half the total interest costs of a 30-year loan.
  Please note, that this payment option is offered only on the 30-year (or 40-year) term. It will cease to be an option when the loan has been paid to its 16th year. These options should be clearly marked on your loan statement, so it is very easy to figure out how much you should pay each month. Just enter the correct amount in the payment coupon section of your statement.
  Option ARM loan programs are becoming more and more popular today, and there are many variations of this innovative home financing product on the market

• Hybrid Option ARM Mortgages
  The hybrid option ARM provides greater certainty with respect to the timing and amount of payment shock compared to that of a monthly reset option ARM since the borrower typically enjoys a three- to seven-year period of interest rate stability at the outset of the loan.
  The hybrid option ARM borrower's interest rate remains fixed for the first three to seven yearsand the minimum payment due is usually set below the interest-only (IO) payment
• Zero Down 100% Financing, 80/20 Mortgages - Programs for borrowers with no money available for their down payment. In some cases, the closing costs can be included in the loan amount and there is no mortgage insurance. Loan programs such as 80/20 mortgages also available to avoid PMI.
• Stated Income Loans - Type of mortgage where the lender verifies the source of the income but not the amount.
• Interest Only Mortgages - A mortgage where the amount borrowed is not repaid until the end of the term of the loan. Repayments consist of interest, fees and charges. Our interest-only mortgage products are designed to give homeowners and homebuyers lower monthly payments. For homebuyers, low interest-only mortgage payments means lowered monthly payments and/or the ability to purchase "more house".
• Fixed Rate Mortgages - Mortgages in which the interest rate is set for the term of the loan.
• Adjustable Rate Mortgage (ARM) Mortgages - Mortgage loans under which the interest rate is periodically adjusted to more closely coincide with current rates. The amounts and times of adjustment are agreed to at the inception of the loan.
• 0% Down Investment/Rental Properties - Loan programs for the investment buyer that wants to put the least amount down. Typically these loan programs differ from a conforming loan in that a slightly higher interest rate is charged. A down payment of 10% is needed to qualify for conforming rates. Loan to values to 90% with allowed seller concessions of up to 5%.
• 5% Down Primary or Second Home Purchase - Loan programs for a primary purchase and can even offer 5% down financing on a second homes for qualified borrowers. Mortgage payment terms can be structured to the borrowers’ particular needs that include 30, 20, 15 and 10 year fixed rates, ARM’s, and many balloon programs.
• No Income Verification - No-Income, No-Asset, No-Job Verification loans allow borrowers with very good credit to secure a mortgage without proving income and in some cases assets. This is especially helpful for self-employed individuals or commissioned borrowers who write off large deductions to reduce their income tax consequences. They also benefit those who can't or don't want to prove where the down payment and closing costs are coming from. These loans can be secured with as little as 5% down payment for those who qualify based on credit history. Naturally these mortgage loans come with a slightly higher interest rate due to the enormous amount of risk the mortgage lender assumes.
• Credit Problem Programs, Subprime Mortgages - There are many loan programs that may be available to you, even if you do not meet traditional approval guidelines. While the interest rates on these mortgage loans are generally a little higher, our non-conforming mortgages provide you with an opportunity to rebuild your credit, help you to consolidate outstanding debts, make home improvements or provide you with additional cash for whatever you may need!
• Pre-approval Programs - Pre-approval Programs that allow borrowers to assess how much house they can afford, as well as get them the information and conditional approval they will need to purchase a house. Our pre-approval process is quick, accurate, and free. Pre-approval means that borrowers have successfully qualified for the loan for which they have applied for prior to having a property picked out. Having an approved loan application means borrowers can begin the closing process on the house.
• Imperfect Credit Loans, Bad Credit California Mortgages- Imperfect credit home mortgage loans allow borrowers with less-than-perfect credit to qualify for competitive interest rates to buy a home, consolidate debt, lower payments or make home improvements.