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80/20
Program Overview
Moving Solutions
Getting Started
Finding the Right Realtor
Know Your Finances
What's Wrapped into Your Monthly
Mortgage Payment
Understanding Discount Points
What
you will need to complete an application
Where Did My Down Payment Come from?
Quick List of What to Gather (a
preliminary checklist)
Other Considerations
Adjustable Rate Mortgage
EXIM’s Adjustable Rate
Mortgage offers a low rate that is fixed
for the first two, three, five or seven
years. You enjoy both the low ARM rates
and the security of knowing your monthly
payments for the first few years.
Benefits
Get the
low rates you thought you had missed
Plan
for your future with fixed payments for the
first three, five or seven years depending
on the product
Enjoy
greater purchasing power with lower monthly
payments
Details
Our ARM
products offer fixed rate periods of two,
three, five or seven years before converting
to an adjustable rate mortgage for the
remainder of the term
After
the initial fixed rate period, the rate
adjusts once a year based on the current
rate index
Loan to value (LTV)
ratios up to 100%
Interest-Only Adjustable Rate Mortgage
EXIM's Interest-Only Conforming
adjustable rates mortgage products have
attractive low interest rates which give
you the financial freedom of having
extra disposable income, purchase buying
power, or lower monthly payments.
Our Interest-Only Conforming adjustable
rate mortgage products offer
interest-only mortgage payments for
fixed rate periods of 2,3, 5, 7 or 10
years (depending on the product
selection). After the fixed rate period
you pay principal and interest for the
remainder of the term. At the end of the
Interest-Only term you can refinance,
pay the balance in full, or commence
paying off the principal and interest.
Interest-Only Conforming adjustable
mortgage products are available on
Purchase and Refinance loan
transactions. www.eximbanker.com will work with
your real estate agent during your new
home purchase. New conforming loan
limits are US $417,000 in the Florida.
There are no Pre-Payment Penalties.
Loan to value (LTV) ratios up to 80%.
Qualification Ratios are based on
Interest-Only payment plus taxes and
insurance.
*Rates may vary.
Rate subject to change without
notice. Rate is fixed for the first
2, 3, 5, 7 or 10 years after that
rate may vary. Available for primary
residence and second homes only.
Subject to underwriting approval.
Not all applicants will be approved.
Full documentation & property
insurance required. Loan secured by
a lien against your property. Some
restrictions apply. Fees, terms &
conditions apply. Call the number
above for details.
All information may not be accurate and EXIM Capital Funding Corporation may not warrant any such information. It is the customers sole duty to verify any and all information about current updates in the Financial Industry. Any and all Employees shall do there best to represent the true and acurate data to each client at the time of engagement with EXIM as well as during the entire process.
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Residential Financing
