LOAN TYPE: AGENCY / Non-Agency (FHA, Jumbo/Portfolio)
POSITION: 1ST
RATE TYPE: FIXED & ADJUSTABLE
PAYMENT TYPE: AMORTIZING
LOAN LIMITS: $509,738 / $4 MILLION
INDEX: Libor
TERMS: Lifetime of Borrower

ADVANTAGES:
• Reduced eligibility requirements over Forward loans
• Lifetime access to home equity
• Increased cash flow due to lack of servicing payments
DISADVANTAGES:
• Adjustable rate on HELOC
• Higher fees than forward lending
• Lifetime MIP on FHA product