licensed mortgage broker - licensed real estate
broker
12 MAT
Available Products
· 12 MAT Pay Option ARM
· 12 MAT Fixed Minimum Pay Option ARM
What is the difference between the 12 MAT and 12 MAT Fixed Minimum products?
Both products have the same guidelines and offer three payment options per month. The only difference between the two products is that the 12 MAT Fixed Minimum includes a low starting minimum payment that remains fixed for up to five years.
What are the benefits of 12 MAT ARM?
· Excellent choice for borrowers who are self-employed or work on commission with inconsistent income because borrowers have payment options every month
· Helps maximize cash flow or defer interest to offset capital gains in a securities portfolio for savvy investing
· Works well for investment properties where rentals may produce an uneven monthly revenue stream
Why is 12 MAT ARM so flexible, yet stable?
Based on the Monthly Treasury Average (MTA), the 12 MAT is not affected by the volatility of daily interest movements. Each month the MTA index adjusts to reflect the previous 12-month average, thus avoiding the sharper fluctuations of other volatile indices.
Available Payment Options
· Minimum Payment (based on low start rate)
· Interest Only2
· Fully Amortizing
Features
· 80% Full Doc, Purchase, Primary Residence up to $1,000,000
· 80% Stated Income, Cash Out, Primary Residence up to $650,000
· NINA available up to $1,000,000
· Up to $1,000,000 cash out
· Loan Amounts up to $2,500,000
· Decision Credit Scores as low as 620
Note:
Available for Florida properties.
Products and rates subject to change
without notice. All borrowers have different circumstances and needs.
Please contact us for prequalification by calling 305 559-6009 - by email:
loans@aulet.net or by submitting a short application.
licensed
mortgage broker - lic. real estate broker
305 559-6009
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