Equity line purchase or refinance
Interest only -- Prime for life*
- Revolving credit line to 90% -- No mortgage insurance !
- No escrows - up to 50% less closing cost than regular mortgage
- minimum 660 score required -- 720 score for Prime for life*
- No income available to 80% -- Prime* + 1.50 margin for life
- primary residence, single family or condo/townhouse to 90% - investment property ( full doc only ) to 80%
- Autodraft required -- free checking included
- * prime rate as published in Wall Street Journal
- program available FL and CO only - from July 2003
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Loan programs, rates and fees subject to change without prior notice.
A federal approved Lending Institution
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